who knows but..Watch for Sinclair to become wildly bullish and its time to sell.He must have a huge short position in royal gold.Most of the money is made shorting gold stocks anyway,they arent investments just trading vehicles for the pros to fleece the little guy.Id buy physical and just watch the fun,its easier watching others get handed huge losses year after year and all the while being told they are in a bull market,kinda like 1984 the book isnt it.In this gold bull ill give sinclair an f and would never buy anything with is name on it now.