Your theory holds water except for 2 things. 1) I don't yet own any PAAS. 2) I want to buy PAAS as a proxy for silver. 3) No matter what it has or hasn't done in the past, it still beats HL and CDE as a proxy for silver. 4) Here's one extra for you...I'm a gold bug, so you can shove your fokken theory up Charlize Theron's golden arse.