John Embry on BNN said today, "the high costs of exploration are one of the reasons the juniors are still lagging." He also said that the price of gold was going to $1000.00 in 3 or 4 months and it wouldn't take much higher prices to get people buying the juniors again. Recently, John Embry recommended the purchase of Victoria Resources.Midus du Metrapole: Café traffic is at an almost all time low. The mining shares can’t catch a bid. Sentiment is at rock bottom which is extremely bullish considering what the metals have done.It won't be long before the long awaited GOLD RUSH by the GENERAL PUBLIC to buy ALL the gold/silvers shares kicks in. It will be a sight to behold. Overnight there will be nothing for sale. It has been a severe drought for many of the smaller gold/silver companies for numerous reasons. It will end and when it does, it will be breathtaking. When investors realize that high gold and silver prices are here to stay, and the "multiple expansion" that will occur in the miners (particularly the junior sector), might be, as Chuck put it, the most spectacular in the history of markets. Less than a year ago, investors were paying $3-$4/oz for silver resources, and were quite liberal in their interpretations of resources, compared to today’s $1-$3/oz tops, with MUCH more conservative interpretations of resources. A year from now we could be $5+ per ounce, and when the fever breaks over the sector I sense that $10-$20+/oz will be more the norm than the exception
