Jordan is hardly a renowned basher. He is also on record stating that gold and gold stocks were outstanding buys at the lows of the 2008 correction. He baes his commentary primarily on technical analysis and I do not agree with his approach, but that in itself does not constitute bashing. Just because we do not necessarily agree with a conclusion should not be a reason to condemn it.

I am very quick to write off the opinions of certain twits that are indeed bashers and ALWAYS on the sell side of the metals commentary. There are many twits out there that have been wrong on the metals for 10 years and never change their tune. Jordan calls it as he sees it, and sometimes that means he is raging bullish, sometimes he is predicting further declines for the sector. That is hardly bashing if you consider the full body of work he has presented for years.

For my own outlook, I see the PM sector has been pounded for nearly a week running now, regardless of whether the metals are up, down, or sideways. People have concluded a smashdown is coming and they are selling along with fresh shorts doing their thing. I am a contrarian investor. I just do not believe the majority of participants in this market will be correct. I have been buying the dips for several days and will hold through what I expect will be a nasty selling climax on the day the debt deal is reached, and then it should be a good rally for a few weeks thereafter. I stand by my earlier prediction that the lows for the year are already in. If we have to put up with a retracement to retest those lows I will not like it but it will not change my expectation of a huge bull rally this fall.

cheers!

mike