In the short term the price of metals is unpredictable. I do think the bottom is in but I wouldn't bet on it. The public is unaware that gold and silver are tragically scarce and ridiculously priced. There is less than one ounce of each metal available to each person worldwide. And this is what people have stored wealth in for 5000 years. Perhaps the Comex only allowing cash settlement of contracts or something equally obvious might awaken them - I doubt it. If not they will probably awaken when serious inflation occurs. Until then, those that wish to, can put the price of the metals pretty much anywhere they choose. Right now (at least in the U. S.) the zombified public is totally clueless as to what is happening 'round about them.

In the longer term the only thing that can happen is for items having inherent value (tangibles) to increase in purchasing power. Bonds are the biggest bubble the world has ever seen. Real Estate is overbuilt and still overvalued and will only find its final bottom when the bond bubble breaks. Stocks, though they may increase in price, will still be losing in terms of value or purchasing power.

It has taken longer than I expected for all these things to play out and since you know my thoughts on the future (or lack thereof) for this present system of things, I suspect time may not allow for me to see whatever I might have profitted in this sector. I can live with that.

P.