Ian McAvity who founded CEF, GTU and SBU, all closed end funds who hold gold and silver was interviewed by Jay Taylor. Interesting....big picture his take is:

*Sept. is the month when stock market crashes get started

*Thinks gold's next target is 1450-1500. We are no where near in a bubble. If we were to replicate what gold did in 1980, its price today would be $5480

*He suggests having lots of cash on the sidelines as by 4th quarter with the downtrend in the market we will be able to buy miners on sale.

*Does not like big miners....they do not outperform the price of gold and engage in expensive M&A. Instead likes GDXJ as it holds 60 juniors who will be takeover candidates for the larger miners.