His latest from Friday:

Gold remains strong, and well it should, for with the monetary base skyrocketing and with the US dollar falling, gold has to move higher. There’s nothing else it can do really, and we note that gold is rising in terms of nearly all currencies. Our clients know our wish to own gold in Yen terms, but we draw everyone’s attention to gold in Sterling times as evidenced by the chart at the upper left of p.1. Gold/Sterling is trading just barely below £900/oz, and as had been the case with gold at $1438-$1441 where “someone or something” had been lying heavily upon the price but eventually lost that battle, someone or something is laying heavily upon gold in Sterling terms at 900. They… whoever “they” are… will lose that “war” effort also just as they lost the “war effort” of gold vs. the US dollar and Justas[sic] they lost the effort in gold vs. Yen.. It is but a matter of time.