canary in the coal mine a good read, page-6

Thanks Hudge, a very good summing up.

Here's the paragraph we should all look at very carefully:-

"On the value/opportunity side of the equation, the market capitalization per proven ounce of gold reserves for mining companies at this point has never been lower or cheaper in the recorded history of the TSX!"

This will unquestionably change.

Just as we knew it was not possible to continue to offer mortgages to those without incomes or assets in the long term and that there had to be a real estate crash in the USA at some point, likewise there has to be a re-adjustment of the values of gold in the ground.

As the real estate crash was sudden and harsh, causing bankruptcies of major financial institutions, so will the gold-in-the-ground adjustment be just as sudden, but this time welcome! We need to be ready for it.