good stuff there spratt, I especially agree with your statement, "he who holds physical will win" as it pertains to all and SFMI in particular, the producers will inevitably get properly valued and trade at higher p/e multiple's than they do now. I won't go into a lengthy discussion of my opinion on the various points you make, but will say while we're in this recession with low interests rates the price of gold will sustain it's current levels and if the economy doesn't turnaround and grow big time then hyperinflation is on the way and the inverse dollar/gold relationship goes out the trading door, enough from me on that, lol~
SFMI holding well today closing even, and for those wanting the short report from FINRA it comes out around 5:30-ish EST. Here's the link, scroll down to where it says ORF and they will update it here in about another hour. http://regsho.finra.org/regsho-Index.html