one beautiful chart, page-5

Someone here asked me a few weeks ago what I thought about Maund suddenly turning bearish on gold/silver.
I said I thought it was odd because of his reasons given.
Well it looks like he has suddenly turned bullish again.
Although he does hedge his bet a bit.

http://www.kitco.com/ind/maund/jan162012.html

"In conclusion it now looks like a really big rally is incubating in gold and silver, and thus it is a good time to accumulate ahead of the breakout, and there is a chance that we will be presented with the ideal buying opportunity if we see a minor reaction over the next week or two, as looks likely. The risk/reward ratio is good, and will improve to excellent if we see such a minor reaction. If this assessment of the outlook is wrong and a deflationary downwave ensues soon, probably as a result of a bank failures in Europe and a possible run on the banks, then we will be closed out on stops for limited losses."