As mentioned recently, the Gold mkt was getting out of whack with reality. A healthy correction is underway. Human psychology at play. Even $1600 is possible (trend line).

Seasonality is our friend. We are approaching the stronger bullion buying season. Likely to reach $1900+ again well before year-end.

Interesting times. Lots of fuzzy stats from governmental agencies. The illusion of prosperity of the past 40 years has been broken. The dominos are falling. The year 2000 should have ushered in a major recession but central bank intervention and increased social programs have conveniently covered up the weak US economy. We are into a full-fledged Sovereign Debt crisis that will likely only be solved with a gold backed monetary system for stability. Without this stability it is everyone for himself. A major repricing of assets is underway. Not sure what the world will look like when we come out the other end. Could be good for the planet and co-operation with others.

Still more TDC owners who are leaning on the Sell button than buyers. We are still capped. Do I sniff another PP for September at $0.15?

W