Errol

At the LBMA Precious Metals Conference (conference link) in Montreal this week, one of the presenters suggested: "The US should make a two-sided gold market at $20,000 per ounce."

Gold Crashes, What’s Next? - http://expectedreturnsblog.com/gold-crashes-whats-next/ I am getting excited because this is the fakeout move in gold I’ve been talking about. Everyone needs to realize that even if gold corrected to $1400, the bull market would still be intact. We’ve seen 50% corrections in gold during bull markets before, so this correction is not that big of a deal. The big picture hasn’t changed at all. The smart money is going to buy into this correction, and a huge rally will probably arrive some time in 2012. This is the setup I’ve been talking about.

Before all of this is over all precious metal markets will be cash only.

This is excellent stuff. The correction I've been waiting for. Buying GDX, GDXJ and silver/gold as it falls - in small quantities. Shall continue to do so.

This is looking very nice now. We might get to $1600 or so if we're lucky.

LBMA campaigns for gold to be Tier 1 asset for banks under Basel III http://www.arabianmoney.net/gold-silver/2011/09/20/lbma-campaigns-for-gold-to-be-tier-1-asset-for-banks-under-basel-iii/

Maple Leaf silver coins seeing record demand - http://business.financialpost.com/2011/09/20/maple-leaf-silver-coins-seeing-record-demand/

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/20_London_Trader_-_Massive_Physical_Floor_in_the_Gold_Market.html “As soon as China closes trading each day, that is when the selling starts in the paper markets. These raids on the price are designed to get weaker players flushed out of the futures markets so they (commercials) can cover some of their short positions."

Still expecting a bigger correction - http://expectedreturnsblog.com/fakeout-moves-before-the-gold-rally/

Identities of JP Morgan Silver Manipulators Exposed http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/16_Identities_of_JP_Morgan_Silver_Manipulators_Exposed.html

Trump Just Accepted Gold Instead Of A Dollar Deposit On One Of His Properties The latest: he's accepting Apmex's deposit for Trump office space in the form of "three 32-ounce bars of gold." Read more: http://www.businessinsider.com/trump-to-take-real-estate-deposit-in-gold-bars-2011-9#ixzz1XxiZCRJT

There's something in this. I feel it on an instinctive level. What it is, I'm not sure.

Gold won't complain: http://www.youtube.com/watch?v=k8SGgzK_D60&feature=player_embedded

Would agree. I also have a funny feeling that gold has a part to play - in more than just a monetary sense.

Sprott calls for $1200 an ounce silver - 'silver will outperform gold in the next decade'. it will probably trade at 10 to 1 because things tend to overshoot. Let’s use Jim Sinclair’s $12,000 target, that would suggest $1,200 silver, which is a thirty bagger from here... http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/9_Eric_Sprott_-_From_Here_Silver_is_a_30_Bagger_to_$1,200.html

Have a large quantity of Blackrock gold purchased some 7+ yrs ago. Done well for me (!).

Would love to see a $500 correction here. Doubt it will happen but would love to see it. Buying of physical (if you can get it) will be manic if it drops that much.

For those who haven't got a copy, I highly recommend Jim Sinclair's 'A Pocketbook of Gold'. A Pocketbook of Gold gives you, in one easy handbook, the reasons why you should own Gold, the timing of when you should own Gold, and the types of Gold you should (and shouldn't!) own. A Pocketbook of Gold also explains the true role of Gold in every individuals financial planning as well as Gold's place in the world monetary system. Its an all-in-one, carry-size Pocketbook that answers your questions and guides you through the world of Gold as a personal form of investment and financial insurance, in today's increasingly uncertain financial outlook. A Pocketbook of Gold is A Survival Manual for Monetary Mayhem. You can order here - http://apocketbookofgold.com/

Sinclair: Yes, gold is going to become part of the monetary system, most likely by 2016. Few people understand how. It is not going to be convertible. It will be tied to a Western World type M3. It will be part of a virtual reserve currency that you cannot buy or sell. http://www.jsmineset.com/

“We had our $120 smash down last week, so that’s over and this is what we expected in our last interview. So I think gold is very clearly heading past $2,000 this time.” http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/2_Jim_Rickards_-_Investors_Fleeing_GLD_into_Physical_Gold.html and “We’re seeing things right now on the political stage that we have never, ever seen before and I believe this is tremendously bullish for gold and for silver. I would say gold is going to blow through $2,300 to $2,500 by the middle of next year.” http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/2_Barron_-_Theres_Not_Enough_Gold_to_Go_Around_Right_Now.html

Gold is not going up because of inflation. It's going up (among other reasons) because of the monstrous debt crisis and the deflationary black hole that governments around the world are trying to escape from.

Hmmm ... 9,173 Ounces Of Gold Transferred From HSBC To JP Morgan Gold Vaults Overnight While we have no information as to who or why (we do know when and where) engaged in a transfer of 9,173 ounces of eligible gold (for a total of about $16.5 million) from HSBC's gold depository into that of JP Morgan, according to today's closing CME Group Metal Depository Statistics, we can merely point out that it happened. One back of the envelope hypothesis: we have counterparty risk at the bank level (which is currently manifesting itself at both the CDS, the stock price, and the Li(E)bor level; are we going to start seeing counterparty concerns at the gold depository level next? What next: a run on the [ ] gold depository in a self-fulfilling prophecy? The second hypothesis is by now well known- JPM needs all the gold it can get. http://www.zerohedge.com/news/9173-ounces-gold-transferred-hsbc-jp-morgan-gold-vaults-overnight

Russian Central Bank To Offer Gold-Backed Loans - http://www.zerohedge.com/news/russian-central-bank-offer-gold-backed-loans-or-why-spam-standard-coming-end

WARNING - another margin hike could be coming - http://www.zerohedge.com/news/caution-another-gold-margin-hike-imminent