Gold $1,689 Silver $32.34 and $100,000 Challenge

Ever since first entering the bullish side of gold back just above $300 in 2003, I’ve noted what I called last great buying opportunities before gold and silver moved to higher trading levels. Sometime today I believe such can be the case again. Ideally, I would like to see gold closer to $1,650 and silver $30. But with such volatility in the markets, it’s almost impossible to time such bottoms to the minute or hour. The best course of action may be to step in now and scale down buy to the numbers I spoke about if the market continues to go lower from here on through the day.

My $100,000 Challenge – Nobody has been more wrong on the direction of gold then Jon Nadler. He also has ducked any challenge put to him and instead remains arrogant and in denial of his horrific track record. I hereby am willing to wager $100,000 with him that gold hits $2,000 before it hits $1,400 (about $300 either way). I welcome a financial journalist or recognized investment authority to hold the bet. Come on Tokyo Rose, here’s your chance to redeem your poor record.