From : http://www.321gold.com/editorials/katz/katz060710.html

Katz says:

"As the trend in gold was nearing its end, circa 1978-79, the speculative end of the precious metals group (silver, the exploration stocks) came to life and made tremendous gains. I look for that to happen as the present bull trend in gold nears its end. That will be a warning sign. Before it happens, we are safe on the bull side. After it begins, we still have a little time."

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The above scenario is more or less commonly embraced in the gold market. But the issue is, how long will it be before that speculative mania occurs, and where will Tyhee be in its timeline?