I Now Have 2 Million Reasons to Be Bullish on Gold.

If there’s been one overriding theme I’ve stressed from when I turned bullish on gold at just over $300 in the spring of 2003, it’s that the financial industry and most of those who report about it and the markets hate gold. I said it’s foolhardy to expect there ever to be a universally bullish view for gold, and that we should appreciate that there will always be forces whose desire is for gold’s price to be suppressed, lower than where it would be in a free market. Ironically, those who support such price suppression are the ones who call people like me and the good people at GATA tin-foil hat wearers, fanatics, or worse.
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Von Greyerz - Gold Will Trade $3,000 - $5,000 in 2012.

This is just an early indication of what will happen in the next few years.  People will have no money, people will be hungry, and therefore they will fight to get money, they will fight to get food.  Sadly, we will have, in most countries, in European as well as the US, we will have serious social unrest.  How far that will go is impossible to tell, but I am concerned.
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Gold: This is What an Ex-Momentum Trade Looks Like.

Momentum is mystical, no one can truly explain where it comes from, why it manifests itself the way it does, or why it seems to come and go so suddenly - capriciously, the jilted trader who bought at the top would say.

But there is nothing quite so ephemeral or tantalizingly mysterious about the aftermath of momentum.  It's brutal-acting and horrid-looking, it's lower highs and lower lows, it feels like give-up and the thwarted snapback rallies on the way get more and more feeble during this hope deflation process.

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