Saturday Gold Bugs

“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.

More on Gold Set for a Huge Breakout by Robert SinnTriangulation galore — Gold and British Pounds are set to move by Peter BrandtGold & Silver ‘Chart Mania’ at KWN.