Hey, Rambus! I trust that you know, without any doubt, how much I appreciate all the work that you share with us here at our TENT. I have learned much from you and sometimes I see things in your charts that I don’t see anywhere else. Your “Picassos”, as I like to call them, speak volumes to those who take the time to listen to them. It is hard for me to argue any point that you present because I know what you are seeing and see the logic behind it most of the times.

Of most concern to me always is whether or not this Mother of All Bull Markets is still alive and well. When we have to put up with and endure such brutal corrections and pullbacks as the one we’re going through now, all I want to know is whether the long term UP trend is still intact. And at this time I have no doubt whatsoever that IT is and that the very best is still to come. So, instead of thinking of a possible “TOP”, I am thinking of another opportunity being given to me and others to buy even more. It is at times like these that I ask myself if I am really in this for the long term. I perform some gut checks. Are the fundamentals still there? YES! Is the long term trend still UP? A resounding YES and without any reservation at all. The long term moving averages are still moving higher, the long term trend is still unanimously bullish, rising and, oh yes, almost completely ignored by the vast majority of investors, analysts, media, pundits and pinheads of the world.

Do you realize that if GOLD were to decline all the way to $840 in the next 2 to 3 weeks it would still be 29% higher than where it was in August ‘07, just 8 months ago? This pullback, as brutal as it may be and feel, is one of the healthiest things that could happen. Many are being shaken off, scared to death that it has ended. YES, they remember the TECH Bubble and the Real Estate Bubble and they don’t want STRIKE 3 being called on them. But we are still in the early stages and have a long way to go. Have we consistently seen PM stocks in the most active lists of the AMEX, NYSE or NASDAQ for weeks and months on end? NO. Have we seen stock splits announced by many of the companies whose shares we cherish? NO. Have we seen a MACD approaching 150 in GOLD as we did in ‘79/’80 or of 1,000 as we saw for the NASDAQ in the late 90s? NO.

What I am trying to say is that speaking of a “TOP” may be worthwhile for short term traders. Even intermediate term traders may find it wise. But a long term investor, in my most humble opinion, should only be thinking of additional entry points, or levels at which to buy more, more and much more, if at all possible.

I have written before of the benefits of performing “gut checks” within ourselves as to the fundamentals that have driven this bull in PMs and PM stocks for 8 years now. All the worthless paper that keeps being printed by all THE CENTRAL THIEVES of the world, all the manipulation by the dirtbags that has been futile, people are still thinking of a great comeback in real estate, others still dream of another tech mania…..and no respect is given to the PMs and PM stocks, at least not yet. Every chance the pinheads of the world get, they babble on what a bad investment the precious metals are, and the average so called “Joe Six Pack” has yet to even come close to looking at what we have going on in this very small capitalized market of miners. Precious metals? What is that, they wonder? LOL!

Rambus, I now that you have not said that this great bull market has ended and I know you’re just waving a “caution” flag. I know you feel that we may be in for a bit of a dragged out correction which could be very painful to some. For this, I am very grateful and I know many here are as well. It is wise to study and ponder what you are saying and bringing to our attention. Don’t get me wrong, please.

But, at the same time, I don’t want anyone of our friends here to miss what is ahead of us. Call it what anyone wants to call it. IMO, the center of the most powerful advance of this awesome bull is still to come, the so called three of 3 of III. We will only recognize IT when it is behind us. I want everyone here to be in it 1,000%. It will make the TECH Bubble seem as nothing more than a flash in the pan.

Once again, thanks for all that you do here at our TENT. You are one of a kind, highly respected by yours truly and very very much appreciated by all, I am sure.

THANKS A MIL!!!!

JBI

PS - Thanks to all who have read this for putting up with me. I guess I was just in the mood to………

youtube.com/watch?v=bLkOE4XDBis