123tom, Your not acknowledging my point that miners have been severely undervalued to once in a lifetime lows that may never return even with another downturn in the stock market or even less likely metals, due to global financial uncertainties. Gold was $750 when miners fell in 2008-09, gold is now $1250, to be fairly valued, miners should certainly be NO lower than they were in 2008-09 with anything above $750 gold, I'm banking on that being the case, IMO miners still have LOTS of upside before I am ready to unload. No risk no reward.