Did anyone here really expect anything other than another
"options expiry" take down and media mouths talking up "bubble", "overbought", "sell", etc. while some were fooled yet again by all the positive indicators.

Let's see what they do to the PM stocks over the next week. I'm looking for $1750 gold and $34 silver. I'm thinking we could see the "pre-parabola" takedown right here over the next several days. I'm thinking that the most incredible buys in our lifetimes will be presented to us in the JPMs before they make history. There I go being optimistic again...should know better by now.

I have a gentleman's wager with John Embry re the above gold price as he thinks it will only pull back to about $1800-1850. I had a very interesting chat with him last Monday...and what we don't know is not pretty. The big boys are very powerfull...but we all knew that didn't we?

What we still don't know is what China will do to keep gold prices down in order for them to continue accumulating as they have thousands of tons to go. Maybe its time to let the stocks run and pressure the bullion to decelerate as much as possible?

All guesses because it is all about what "they" will do or can do.

By the way, it is very interesting to think about the fact that India has about 10,000 tons of gold ... and they're buying like crazy ...very little of which is not in the hands of the people. How's that for a currency backer?

God things coming our way in Sept. methinks.