---
title: "Goldbug Saturday"
url: https://independentstockanalysis.com/goldbug-saturday-2/
description: "The race to the bottom goes mainstream: Reformed Broker . Precious Metal Summer Doldrums at Zeal . Richard Russell: Inflate, die or revalue. 321Gold Bill…"
published: 2012-07-14
updated: 2012-07-14
---

# Goldbug Saturday

Published 2012-07-14

Posted on

by

J.J. Butler

The race to the bottom goes mainstream: [Reformed Broker](http://www.thereformedbroker.com/2012/07/14/blowing-up-the-euro-in-order-to-save-it/).

Precious Metal Summer Doldrums at [Zeal](http://www.zealllc.com/2012/pmdold4.htm).

Richard Russell: Inflate, die or revalue. [321Gold](http://www.321gold.com/editorials/russell/russell071212.html)

Bill Fleckenstein: “And the bond market or the currency market or a combination of the two will take the printing press away…What I am salivating over is the chance to really press my gold position. I think the next leg is going to be really, really powerful.” [King World News](http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/12_Fleckenstein_-_Central_Banks_%26_The_Fed_Are_Close_To_Panic.html)

“Whatever is needed to paper over the excesses of the banking industry will be provided.” [Peter Pham](http://www.alphavn.com/2012/07/13/a-message-to-the-deflationistas/)

“just in the first five months of 2012 alone, China has imported more gold, a total of 315 tons, than all the official gold holdings of the UK” [Zero Hedge](http://www.zerohedge.com/news/china-imports-more-gold-hong-kong-five-months-all-uk-combined-gold-holdings)

Central Banks are gold buyers: [Azizonomics](http://azizonomics.com/2012/07/10/propping-up-the-gold-price/)

Metals Still Pouncing on Major Support Levels from [ChessNwine](http://ibankcoin.com/chessnwine/2012/07/12/metals-still-pouncing-on-major-support-levels/). Silver chart at [Kimble Charting Solutions](http://blog.kimblechartingsolutions.com/wp-content/uploads/2012/07/slvjammedupjuly11.gif).