Gold 2000?

JOHN EMBRY:  I couldn't be more bullish actually, despite the rather slow start we've had to the year - this is typical.  This is now the third year in a row that gold has been leaned on at the beginning of the year and gold shares have done very poorly at the outset only to recover smartly as the year has gone on.  I see exactly the same thing unfolding this year - the fundamentals are impeccable.  The price has clearly been suppressed here in the paper markets.  The physical demand is on fire - both gold and silver in physical demand is terrific, particularly in the East where you see huge premiums opening up on the quoted prices and sentiment strangely enough, in the face of all this is really quite negative.  A lot of people have been discouraged by the short term price action.  I believe it's another fabulous buying opportunity.



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