gene arensberg comments on gold, silver, and the mining shares:

Once again we do not think it is too soon to be placing ridiculously cheap “stink bids” on one’s favorite junior miners, explorers and developers. The emphasis in that sentence is on the words “ridiculously cheap” and don’t be too surprised if they get hit if we see another panic period in the weeks and months ahead.

Repeating from the last full report, we said that … “if, and it’s a big “if,” the world somewhow manages to calm down sometime in the next couple weeks, we could see significant bounces in the little guys based merely on the return of some bidders to the game. We think that the Big Markets will have to calm down as well before we can expect much “fun” from the little guys, however.”

Well, the world did calm down, a little, and sure enough we got the bounce in the “little guys.” That’s nice to see, especially at this time of the year when we should be bone picking and Vulture stink bidding.
(We just love the way that sounds, don’t you?)

http://treo.typepad.com/got_gold_report/2010/06/20100620GGRUpdatePDF.pdf