Highlights from Dan Norcini Mar. 26th, 2011
(from Kingworldnews Metal wrap-up – about 5-7 minutes in)

• weekly charts look good for gold and silver
• gold held support above $1420, would be healthy to hold this level to build some support before moving higher
• silver resistance above $38, but some support around $36.80, would also be healthy to hold this level to build support
• nothing exciting in the COT report, all were net buyers in gold and silver
• in the COT, managed money had a small short position and covered as it moved above $1400
• the USD is the whipping boy on the currency markets
• he believes the Fed is getting concerned about the USD around 75, they want a slow controlled descent, not a crash
• bonds were working sideways for 2 months, broke out in Feb to the bottom, looked like interest rates might move higher, bonds are got an upside breakout of the trading range due to Japan but now are moving lower again
• The Fed can’t talk up the dollar and not affect the bonds.
• all the bond gains due to Japan have been erased, will be interesting for bonds next week
• lots of variables in play, the Fed needs to be careful
• would be surprised if gold drops below $1400 again
• if silver holds $37 it will move higher

See full interview from Kingworldnews here.

Highlights from John Hathaway Mar. 26th, 2011

• from a market standpoint would like to see gold sustained, stay above $1440 for a while
• thinks gold will takeoff if $1440 is sustained. (taking off means going up a few 100 dollars
• thinks gold is setup to outperform all other commodities
• would be easier to see gold doubling vs oil doubling (huge economic impact for oil)
• a head of the Fed replacement like a Vocher who took action if the greatest fear for gold (doesn’t see this happening, they have no resolve)
• if we have a surprising move in the gold price this could be the catalyst that moves gold shares higher.

See full interview from Kingworldnews here.

Highlights from Bill Fleckenstein Mar 24th, 2011

• Believes Bernanke is out of control
• he can’t believe the Japanese don’t have derivatives in place to generate income due to very low interest rates, a sustained drop on the yet below 80 could trigger an event in these derivatives here.
• shouldn’t be to focused on the USD since all currencies are worthless.
• he thinks QE2 will stop in June but will never shrink the balance sheet. He then see’s QE3 coming along when there is an event (excuse) to create it. (My 2 cents: I think it will move into a stealth QE3 as a extension of QE2, as Rickard’s has eluded to.)
• he see’s housing having another wave down, bottom is at least a year or more out
• he says it’s hard to say when gold will move significantly higher
• thinks people will be forced to move into gold/silver at some point to protect themselves.

For full Kingworldnews interview see here.