“The last time this kind of sentiment was seen after the stock panic, gold was just launching its biggest upleg of this entire secular bull!” Zeal “There currently is a large short position in the Comex gold market, which could set the stage for a short-covering rally in gold prices.” WSJ
“Business Insider offers a deep dive into the world of gold, looking at what moves its price, who is invested in the commodity, and how it’s made.” Scribd
It’ll get papered over: “Growing Fear That Cities Will Default–Not Out of Necessity but as a Strategy”. WSJ With “Key price indexes are uniformly running below the Federal Reserve’s 2% objective” the door is open (WSJ). Housing is adding to GDP (WSJ).
Agnico-Eagle (AEM) stock has returned from the dead, in a really bad tape for gold miners, as operations have been turned around (Mining Weekly). I wrote about it at SA. Meanwhile, Barrick (ABX), Newmont (NEM) and Goldcorp (GG) reported lousy quarters. Gold Bugs Index (HUI): Buy, Hold or Sell? Safe Haven.
Deflation Now. Inflation Later by Bill Bonner.