---
title: "Saturday Gold Bugs"
url: https://independentstockanalysis.com/saturday-gold-bugs-2/
description: "“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…"
published: 2012-07-28
updated: 2012-07-28
---

# Saturday Gold Bugs

Published 2012-07-28

Posted on

by

J.J. Butler

“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](http://www.zealllc.com/2012/goldcot4.htm) “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](http://blogs.wsj.com/marketbeat/2012/07/27/big-gold-short-covering-rally-may-be-very-near/)

“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](http://www.scribd.com/doc/93256583/The-Truth-About-Gold)

It’ll get papered over: “Growing Fear That Cities Will Default–Not Out of Necessity but as a Strategy”. [WSJ](http://online.wsj.com/article/SB10000872396390443295404577545362747435078.html) With “Key price indexes are uniformly running below the Federal Reserve’s 2% objective” the door is open ([WSJ](http://blogs.wsj.com/economics/2012/07/27/gdp-highlights-inflation-data-wont-constrain-fed/)). Housing is adding to GDP ([WSJ](http://blogs.wsj.com/developments/2012/07/27/housing-isnt-a-horror-show-anymore/)).

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](http://www.miningweekly.com/article/agnico-eagle-sees-higher-2012-output-q2-profit-falls-2012-07-26)). I wrote about it at [SA](http://seekingalpha.com/article/475421-agnico-eagle-golden-opportunity-from-a-stumble). Meanwhile, Barrick (ABX), Newmont (NEM) and Goldcorp (GG) reported lousy quarters. Gold Bugs Index (HUI): Buy, Hold or Sell? [Safe Haven](http://www.safehaven.com/article/26322/gold-bugs-index-hui-buy-hold-or-sell).

Deflation Now. Inflation Later by [Bill Bonner](http://dailyreckoning.com/deflation-now-inflation-later/).

More on Gold Set for a Huge Breakout by [Robert Sinn](http://www.robertsinn.com/2012/07/25/gold-set-for-a-huge-breakout/). Triangulation galore — Gold and British Pounds are set to move by [Peter Brandt](http://peterlbrandt.com/triangulation-galore-gold-and-british-pounds-are-set-to-move/). Gold & Silver ‘Chart Mania’ at [KWN](http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/27_KWN_-_Special_Friday_Gold_%26_Silver_Chart_Mania.html).