Comments & Outlook

"...A week ago in this report, at the very time Gold was setting new record prices in spot and futures markets, I wrote, “The mid-November pull-back in Gold to 775-785 was tepid to say the least. I had been expecting a pull-back, covering at least a month or two, to the 720-750 level. It appears that the continued move (at this point) into fixed income and gold are both flight-to-safety moves, from concerns traders have in the global financial system.”

Now, the move to depress the precious metals prices, aided and abetted by Goldman Sachs, is, as I see it, setting up the buying opportunity of a generation..."

Mr. Cara is having to revise his gold prognostication.  Finally it appears that he is on the same page with Jim Sinclair (JSMineset.com) in the short term as well as the long term.  Alright...so KRY happens to be Bill Cara's gold stock of the year.  Details...details.  DON'T LET GO OF YOUR SHARES!

PS:  Dennis Gartman was also caught with his pants down...surprised by the continued strength in gold.  Changed his tune to 'bullish' (short as well as long term) on Fast Money this evening.

Jim Sinclair has been nailing this thing from day one.  He's a little scarey...but he has nailed it!