Hi Red,

If his statement is put into the context of past discussions, then it may suggest that he expects the short of gold entities to finally begin covering their positions as a result of a rapid and accelerating drop in the USD that will place upward pressure on gold and gold miners.

I'm not sure if he is referring to any particular event or trigger that will force their hand, but it certainly sounds as though he is expecting something to happen whether that be a material event or simply chronological in nature.

I know he has been advising that the long bond market is primed for a roll over as others like Bill Cara have suggested, so it is not a stretch to expect this exodus from the immense bond market to seek a safer haven in the tiny gold and gold shares market.

You have to like the odds for gold and gold miners at this time.