Pierre Lassonde - “Gold to Attack $2,000 in September”

With extreme volatility in gold and silver, today King World News interviewed one of the legends in the gold world, Pierre Lassonde.  When asked about the action in gold Lassonde replied, “Yeah, we’ve had a really good summer for gold, which was to some extent been unexpected.  I was thinking that we would see more marking of time for a while on the gold price, but no, it’s been a hot summer for gold.  But the one thing I really don’t like is a candlestick formation.  Gold was going up too fast, it needed a breather, it needed a correction to be able to stay in a bull market.”


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/25_Pierre_Lassonde_-_Gold_to_Attack_%242%2C000_in_September.html

His streaming interview is at this link:http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/27_Pierre_Lassonde.html




Possible bottom in stocks? … Major bull in Beans … U.S. Dollar set to collapse

Still on vacation, ever so watchful!
There are some very interesting things taking place on the charts. This coming week will be facinating.
Stocks
My bias has been … and continues to be … that the stock market is in a major bear trend. The H&S top looms large. Most periods of market and chart confusion become resolved in the direction of the dominant trend. I believe the dominant trend is DOWN for U.S. stock indexes with the next target being the July 2010 low.

Those “technicians” who are talking about a double bottom do not know what they are talking about. Double bottoms have very specific requirements — as to the time of duration and the height as a percent of price. The stock market is NOT establishing a double bottom. 
http://peterlbrandt.com/possible-bottom-in-stocks-major-bull-in-beans-u-s-dollar-set-to-collapse/



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