Year in Review All percentages are for 2012 total return. PAAS -13.3%; silver +6.3%; SLV +8.0%; gold +8.3%; SPY +16.0%; SLW +21.0%; STTYF +48.5%; and SAND +96.6%. Note: Gold and silver prices are the closing London fix. Granted, STTYF had a rotten 2011, but the bounce back was encourging and allow me to get back in at a nice level after selling out in the summer. What can you say about SAND? After being up more than 40% in both 2010 and 2011, it more than double that in 2012. I'm calling for +40% (again) in 2013. If gold/silver get hot and/or there are new streaming deals and signficant announcements during the year, +40% could prove to be very conservative. Good luck and Happy New Year to all.