Wishing for a reversal is just that, wishing. The fact of the matter is the Index has been badly crippled. Personally, I have ridden down some with regrets, like some others. I thought about averaging down but opted to get into a mix of the physical along with mint and highly graded Libertads from Mexico which have limited production levels. If the Index turns according to my analysis, I would happily increase my share exposure but not sure when that happens, so I wait.

Even Paul Van Eden who is negative on gold holds shares in prospective explorers. He says even if gold gets revalued lower, a major find by an explorer would more than make up for a lower metal price. Sounds like Paul should be in Probe, if he already doesn't own some.

The long term chart on the Venture Index below just doesn't look exciting. The best that can be said about it is if 1000 becomes a reality or is nearly touched, then a case can be made for taking a position or two on some of the better fiancially positioned resource companies. In the mean time, hanging with Probe is hanging out with a man that may make Canadian mining history with his Borden Lake find.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cdnx&insttype=&freq=2&show=&time=20