Guys/gals Jim Willie is someone that Peter sometimes will link us to. He has an interesting article out about what's happened in our system and what it means for gold. Excerpt on gold follows along with the link should this pique your interest.

The leaders are simply throwing money at the problem and crisis, responding to the next critical focal points. Never has policy been so absent, misguided, and bereft of the thought process. We are witnessing the syndicate in survival mode.

In response, the Gold price potential rises as USGovt funds are wasted without any path to remedy or recovery. The extreme usage of the Printing Pre$$ in the next round of Quantitative Easing, dubbed QE2, will set up crippling explosions. Each round of stimulus or bank rescue or Dollar Swap Facility setup actually puts the potential Gold price another $1000 higher. The future years will see at least $3000 Gold price, all in time. The 1980 peak Gold price, adjusted by an accurate price inflation accounting, like the Shadow Govt Statistics series, is more like $7000 per ounce. My $3000 forecast figure is a conservative number. Anyone who disputes and challenges this forecast, must provide evidence that remedy, restructure, and reform are anywhere present in the current landscape. They are not. Money is being created and wasted at a colossal pace, and while it is wasted, the Gold price rises in increasingly debased US$ terms.

Favorable upcoming months for the Gold price are finally upon us, especially September. We are at its doorstep of a strong season. A major upward thrust is likely as a holiday present before January. The pattern is even stronger with silver. The month of September is especially strong, almost twice as much gusto packed into it as any other month, the next being December and January. In a five-month stretch, three of the 12 best months are lined up, directly ahead. Last year, the 2009 gold price jumped from $950 to $1200 between late August and end December. Expect something similar this year. Also, institutions like JPMorgan might face some bloodletting over their silver trading desks. If the ultra-strong seasonality for silver does not catapult its price past $20 and higher by January, it will be a big surprise.

SUPERIORITY OF GOLD AMONG COMMODITIES

Prepare for a breakout in the Gold price, fully forecasted, fully forewarned. A tremendous upleg move comes. The consolidation between the $1065 and $1250 prices has taken nine months. The range between $1175 and $1250 has been tighter in the last two months. A big move is indicated, as the seasons offer a firm favorable tailwind. Notice the MACD crossover, as moving averages are aligned nicely, but calmly, certainly forcefully. A global recognition of monetary system breakdown is in progress. The QE2 launch, complete with further ruinous debasement of money, is imminent. The unexpected effect that will take alarmed myopic central bankers off guard is the powerful rise in the Gold price. It foretells of the next powerful phase of the financial crisis that has been covered in detail in the Hat Trick Letter, gory detail. Dan Norcini, the gold, currency, and commodity analyst, put it so well. He said, "What we are witnessing is the death throes of a debt based monetary system, of which those presiding over it apparently have come to believe their own delusions. The US public is learning what our grandfathers learned as a result of the Great Depression. Debt is something to be avoided, not heaped up and accumulated... Yet, all of this is lost upon the monetary lords who have their noses so close to the ground sniffing out the scent that they cannot see that the path ahead leads off the edge of an abyss, from which there is no escape."

http://www.kitco.com/ind/willie/sep022010.html