Richard Russell recently mentioned that the media is extremely bearish on gold. On Canada Day David Gurwitz on a Daniela Cambone/kitco.com interview stated that Charles Nenner of Charles Nenner Research was asked to be interviewed on a major show only if he were bearish on gold. Mr. Nenner said no thanks, "I'm not negative, I'm honest." Mr. Nenner is a top cycles analyst who called a top in gold at $1900. It is Mr. Nenner's current belief that gold is bottoming.

Who do you believe anymore? For one, I believe in the honest Dave Palmer.