This is of course how I personally see it. It applies not only to gold but to the metals sector in general. I agree with your analyses cedar. I too have seen my portfolio diminish sharply but I am confident that after the real fall out, which is yet to come arrives, and while the dust is yet settling from that, that the gold majors along with some juniors that have solid goods in the ground, [and cash available] will begin to properly reflect the true and prevailing price of gold at that time. Of course the blue chip and premier gold companies will react first, followed by some majors, followed by some juniors. This is not to say that there will be a great time frame difference between when the majors take off and the juniors follow. People whose stock portfolios have been desiminated or hurt bad by said fallout, will be looking to recover. Some will only be able to afford what the juniors SP are at at that time. Perhaps companies like SGX and KXL [and others] will be bought into buy these 'poor souls' very soon after the fallout for that very reason. [They are now poor].

Goldman and others have already been at work preparing for 'that day'. The leading shorters will be the first to buy because they have the real pulse on the matter because they are at least the partial cause of the 'problem' or situation to begin with and also among the major market movers. Gold has been manipulated by the 'boyz'. Gold stocks more so. Junior companies have to a large extent been hurt even more so and not only by those outside the sector but by those large metal producing companies within the pge/base metal market. Pity the poor junior that has the goods but is cash strapped. They will be shorted into oblivion and picked up for pennies on the doller.

Recently a poster here said that the SGX CEO, Nigel Lees, had a very poor track record regarding his past financial experience. I submit to this forum, if any of you really believed that to be the case, then you should have fled the scene when the stock was in the upper twenties no matter what you paid for it.

Best regards,

Jerry Francis