Santelli just made an argument I've been meaning to relay to you concerning gold for several days and kept forgetting.
He mentions the fact that "there's gobs of gold held by central banks and institutions that can and likely will continue to be liquidated upon any moves up in the commodity and/or to continue to raise cash for their balance sheets.
There's a huge head wind in the face of gold and it's going to be held down for quite a long time I'm afraid.
Silver may be another story and will likely, imo, trade only as an industrial commodity and therefore in tandem with the overall economy.
I think I need to start using my weekends to begin my liquidation of what I have now before it gets really bad.
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