EP,

True, I guess it all really depends on whether or not you believe that some of a FIAT currencies will fall. I am confident...that over time...the next few years, gold will shine. Silver will ride along side...but I am not confident silver is still married to gold. Silver is easy to accumulate large amounts but are they financially meaningful! I view silver as more of an industrial metal. Platinum and Paladium are used in catalysis ( priamarily ) and will rise especially if their is an uptick in industrial uses. Pd Pt Used in Catalysis of H2S converting H2S to SO2 then to S8 and CO to CO2 in catalytic converters. Also, Pt, used in Hydrogen generation....for heavy oil processing.

Pt and Pd could rise suddenly if Ebola gets a lots worse !!

All in all, gold is good for the long run. Lots of big deposits not financially feasible ( DGC to name one ). Brittania is another. We need 4000 dollar gold to sustain the development of the "next" generation of low grade mines ( 0.40 gm to 0.80 gm / ton ). Takes fuel to run a mine....so costs rise, health care rises, wages rise and overall mining becomes less feasible.

Step one run out of physical gold. Step 2 scarcity drives price to > $ 5000.00. Stabilizes for a while....then low grade mines become feasible. So demand continues and then...supply comes on stream as cost fall in line...diesel / gasoline at $ 3- $ 4 litre.

I believe Gold will suddenyl burp again ( like last week ) another 40-60 dollars. In fact, I see a rift forming....on one side physical demand is ballistic ( note the physical trade rules for Shanghai, Singapore and Hong Kong = all physical settlement very little contract except for singapore )

So Demand :

• Gold and Silver coinage is being gobbled up
• Gold Bullion Volumes Hong Kong, Shanghai, Singapore are way up
• India is consuming again.
• China will record ....at least 3000 tons imported this year through Shanghai alone

Balanced by non-physical gold and silver

• Comex contracts that never make it to settlement.

It is this bantering about that makes the volatility grow in the market place. Physical demand when high...drives the price up. This is always followed by much lower futures pricing on the COMEX. Contract versus real gold.

If the U.S. wanted to they could let gold run...and if they really have 8600 tons....wait for gold to go to $ 50,000 an ounce and reduce debt by selling it all otthe Chinese. Now Chine back their currency and voila their goods are too expensive ....so manufacturing go back to depressed areas where the wages are low....like Euro zone, Mexico, U.S. Canada. Canada dollar will remain strong due to oil, gas, gold, forestry, nickel and other commodities.

PRB is positioned strongly. If the land deal is done and treasury remains strong....we could see $ 7-8 bucks. If multiple zones or KAP gets some funding and strikes on Rollo...then we could see another $ 2-3 bucks on top...so by March 2015 we could be looking at 8-12 bucks..provided gold tracks through to 1400-1600 / ounce.

So do you believe ? Do you believe all of this will occur over time ?

I have time ! And believe me...on PRB you have time !

As for me...I will wait. Time and Tide my good friends Time and Tide.

Can't buy it!, Can't sell it!, Can't trade for it !

Time : once you have lost it you can never get it back !

It will never be 1:01 pm on November 10, 2014 ever again. Think about that: give it some time.

Celebrate our Veterans tomorrow!

CT till next week.