I understand that most who post on this thread believe that gold and silver will make them all rich in the months and years to come. But just consider this:

1. QE3 does increase the Fed's balance sheet by the tune of $40B USD per month, which is inflationary. However, some may argue that the increased currency will not create price inflation because the currency is not being circulated. The 40B per month is being used to buy mortgage backed securities, which is simply another way of saying that the FED just bailed out the likes of JP Morgan and BOA...again...and again...and again. Expect 40B of toxic MBS's to be transferred from the books of the banks to the books of the FED. This is the simplest way of describing the nuts and bolts of what just happened with the announcement of QE3. Read the following article about money velocity to understand what I am saying: the money is simply not making it's way out into circulation.

http://www.efinancialnews.com/story/2012-03-07/money-velocity-all-time-lows-in-us

2. If there is so much of a "derivitives black hole" as we are all informed by the Jim Sinclair's of the world, wouldn't logic tell us that the place to be is the Canadian dollar or the Swiss Franc? Don't get me wrong, I think that everyone should own some silver. I strongly believe that the silver manipulaton game will soon come to an end, and the true price will be reflected at that time. I believe Sprott when he says that you just can't buy any big quantities of silver. But the fundamentals in gold, especially considering that money velocity is at the lowest point since the Great Depression, are not as pretty. I don't see an inflationary, but rather a deflationary, crisis looming...and the place to be is silver and the CAD.

So, I'm sure I will be told where and how I am wrong...but my call, as I see it, is to be 20% USD, 30% CAD, 50% silver...and keep some of all three out of the hands of the banks! When the deflation really hits, you will see MF Globals on every street corner...digital portfolios all over the place, but when you try to withdraw the money...no can do.

As for Silver Falcon...let everyone be pursuaded in their own minds. I wouldn't exactly put it like Bobby Joe, but he's pretty much spot on! ;) I missed not seeing everyone at the SHM, which I greatly enjoyed a few years back. SFMI pulled out all the stops, and treated us all very well, for which they should be praised. It was a great time, and I'm sure that everyone that attended this year enjoyed it just as much.

I may not post often, but I am watching SFMI and GHDC closely.