Good article and good charts. However Frank Cooper is away off the mark if he thinks the situation today is better than 2008. Whatever happens re the bailout in Greece is doomsday already, there is no practical solution if the Euro central bank give the money or don't give them another bailout. In either case it will have an effect on Spain, Portugal, Ireland and will speedup Britain etc. returning to their own currency. With Bernake at the helm, the USA will have to choose between more bailouts or less, and this will turn into either a 10 year inflationary or deflationary depression.

Inflation report is a joke as they only report the core inflation that has kicked out energy and food!

Once the populace recognize what is really going on, there will be a stampede to gold, and gold miners have gold in the ground as well as what is being processed in the mill right now, so whoever buys out St Elias will have years of profitability, and if we get partly shares for the transaction, there is further profit for us down the road.

China is my #1 guess for the buyout as they 1. Want to buy as much gold as possible without increasing the share price 2.have 3 trillion is cash 3. Have educated their population to buy gold and 4. can hide the amount they ship out, and that ship will be chugging directly across the sea from Peru.

This whole gold price could blowup at any time, and will certainly have a big effect on the current price of gold when the big boys are sharpening their pencils and looking at our drill results!