http://www.clivemaund.com/article.php?art_id=2172

Clive concludes:

The general conclusions we can make then are as follows - continued ballooning of the money supply in most countries and generous fiscal stimulus. Intervention and support at global hot spots where there is a risk of default, such as some European countries, where the parties or countries involved will be encouraged to ease their problems by means of creating money. Robust inflation moving in the direction of hyperinflation. Continued bullmarkets in most assets with intrinsic value - commodities and collectibles and especially in "concentrated value" assets such as gold and silver, which should be the star performers. Global stockmarkets should continue to rise. Precious Metals stocks are expected to enjoy accelerating bullmarkets, with the still very undervalued junior mining stocks becoming the subject of frenzied speculation similar to the tech stocks in the dot.com boom a decade ago. In the light of these conclusions and keeping this big picture in mind, we should thus not be too concerned by the current corrective action in gold and silver - on the contrary, we should seize upon such corrections as opportunities to build positions in gold and silver and to rebalance portfolios in the direction of the strongest Precious Metals stocks, which is what we have been doing over the past week or so.