Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

Steve Saville today again argued that another big leg of the gold is coming up, but argues that the HUI probably will drop further short-term before a major reversal.

BTW the one key factor that has held back gold may end soon -- that is the ability of investors to continue to do well by switching back and forth between different types of paper assets (bonds versus stocks). The timing is uncertain, but I have little doubt that before too long we will see stocks and bonds plunge together as was the case during the early 1970s. That would be the most bullish environment for gold and could shoot the price towards $500 and certainly well above $400.