The stocks have been amazingly resilient. There have been some days where the metal prices got crushed on the COMEX, and I thought, "that's it, here we go again - large gap down and no way out at a decent price before trading opens." And there will be a reaction, but not as severe as in the fall, or previous reactions. The people who are left are in it to win it, with some traders still providing some liquidity, but mostly using pullbacks to get in the door. I think many, many weak hands were washed out in the fall.

US Gold seems to be responding to recent drill results. This one may be ready for a 20%+ move to the upside. I don't like the idea of having gold properties in the US, but I thought a small position in this one may pay off from such distressed levels.

Everything is so cheap at these prices, it's absurd. In a few years, we'll be complaining that prices are too high to buy - and then we will watch them shoot even higher.

Don't forget to buy more Kimber while it's on sale.