Gold and Silver update

Gold is $120 off of it's high. After the very quick run-up in prices during the summer, culminating in a $250 run up in the first 3 weeks of August. 6 month chart

my recommendation: buy gold now

Gold has come down recently, so if you are generally bullish as I am, it's a buying opportunity. Plus, the next FOMC policy decision will be released Wednesday, Sept. 21 - the announcement will at least maintain the upward trend of gold, but if there is a signal of more easing, gold will shoot up. Bernanke has recently admitted that the recent run up in commodity prices has significantly contributed to inflation; although he has yet to admit that rise in commodity prices and inflation in general is caused by his money printing.

Silver has been stagnant generally between 38-42 USD per OZt. I am still of course long silver. If I needed a really quick gain, I don't think I'd buy silver right now. But I think it's a good time to be accumulating it for long term speculation and for a currency collapse if you believe it's coming (I do!).