Big opportunity in the miners.....xau/gold ratio aka miners relative to the price of gold are at ALL TIME lows (worse than 2008). This pendulum will swing back toward the mean, even if prices in mining shares get cheaper first. Just like it would be wise to move gold holdings into silver if the silver/gold ratio moved back above 60 to 1 (it went to 31x ish when silver rocketed near $50 last year) it is similar to even considering selling gold bullion itself currently to buy mining stocks. This destruction has occurred across the board (small-large caps) and is by no means exclusive to TLR. Now thru August may be the best time EVER to have continued to sock away cheap mining shares.