This may sound absurd but one of my best friends is probably one of the largest traders of gold in the world. He's runs their treasury dept at Barrick...it's quite incredible what kind of numbers he deals with on a daily basis...more than his life is worth anyways :). I think he even said himself that to the Canadian banks that process their transactions, him and his boss are the #1 clients in Canada.

Add him to the list of execs that predict higher gold prices. He's been spot on for the past two months and suggested we'd be around 1440-1450 in January. You can judge for yourself.

Great run today...about time!