is the gold bull over?, page-20

Forget manipulation. At some point corrupted markets are either cleansed or replaced, and we simply have to wait for that. Think of the rebound once the truth emerges.

I think that the outlook for gold is better than it looks, because I think that a major cause of gold's price weakness is in the process of being reversed.

It's the austerity measures that have been applied either side of the Atlantic.

The good news is that austerity policies are being discredited as a failure in debt-crippled economies (Google "austerity discredited"). That will help clear the way for increased deficit spending, which of course helps gold.

Deficit spending strikes me as the next gold-friendly phase, supplementing or replacing bank-mediated mechanisms.