It's hard to be patient. Back in 2008 i invested in Kaminak...

It's hard to be patient. Back in 2008 i invested in Kaminak gold. A prospect geneator. Bought a nice size at .45 cents. about 1 1/2 later they had a discovery on their coffee projects. stock went all the way up past $4 at one point. i sold half in the $3 range because it was a big position. After that the stock got hit, but they kept bringing on good results after results. Didn't miss much. Tax loss season last year hit the stock a little bit and again this year.

I started noticed heavy selling in the past 4 weeks. Must have been those hedge funds selling. High volume. we were at 1.80 at some point and went down to a $1. I had to make a decision. I was watching some post on the candian post boards calling for 50 cents. so i placed some stink bids out there. But the sprott folks kept saying "we believe this to be anywhere from 1.8-2.9 mil oz of gold and next year's drilling season they will be able to double..they know the geology, etc" I figured i might as well buy more when it was in the 1-1.10 range. What the heck right, 2+ mill-oxide easy to mine. Was thinking i would have to wait 1st Qt 2013 for the resource.

This week they came out with it. 3.2 mill oz. All those selling were stupid and probably now have to buy back higher. 3.2 mill oz and here's much more open and it's in Canada. I bought on the dips, added more, and now im closer to the amount i had when i first bought in 2008-at a higher price, but that's ok cause now they have the gold. The price is now up 40% since the past two weeks lows. Yes all the smarty pants that sold where smart weren't they. Everyone thought they would get out quickly before the other sold. But you never know where the surprise may come from

The point:
--The sellers where stupid because they weren't looking at the project from a rational perspective. O it's tax loss season or some other fear...selling begets selling. Bam the resource.
--Don't let the fear overcome you when you see the price go down. That's the time to buy. The markets don't know, but the people behind the projects and the experts do. The sprott guys have their geos that help provide context and rationale. The markets are based on fear and no rationale what so ever.

Also, on another interesting note, as the Sprott folks say, Ampella will be much bigger then Kaminak and PIR, etc ..just have to wait, so even know im into some of these other great project, but they still say Ampella will be bigger then all of the. Go figure. Who should you listen to, the posters and their fear, or the experts that have been more RIGHT then WRONG.