I've been following Jim Sinclair since about 2003 with outstanding success. On the other hand, I've been reading Martin Armstrong for about three years now. In the past year Mr. Armstrong of Armstrong Economics has been calling the price of gold much better. Both gentlemen have outstanding credentials with rich experience in markets, more so than about everyone in the gold community. Mr Sinclair says it's a supply problem and where has all the gold gone and in the end there will be hell to pay? Mr. Armstrong says the gold promoters are out in full force and the essence concerning shorts pressuring the price lower is nonsense.

I've checked the long term chart on gold and find the breaking of the $1520 area or so, serious. Whether the breakdown was engineered or just a market being a market really doesn't matter to avid chart followers, plainly, it just doesn't look good. One thing that has surprised me over and over again is the government's ability to sweep reality under the rug in the public's mind. Is there a derivatives bomb on its way or some kind of total financial implosion where the public eventually losses faith in government and massively runs to gold? I guess eventually it will happen but when?

Mr Armstrong basically says, we are in for a continued shake in prices but then again, Mr Sinclair has an excellent track record and is calling for $3500. Mr. Sinclair took a hit recently when he stated, you will never see gold below $1600 again. Until prices firm much higher, it appears that Mr. Armstrong has the pulse of the gold market just a bit better than Mr. Sinclair and we may see lower prices. I guess we'll find out who is right. Personally, their difference of opinion is to say the least unsettling as I respect both.

Mr. Armstrong is calling for higher gold prices later but not just now. In sizing things up, I am preparing myself for overall further short term weakness in the precious metal prices while holding some cash for that possibility while remaining fully committed long term to coins, Probe and a few others.