Jay Taylor, editor, J Taylor's Gold & Technology Stocks Newsletter

On Gold
$650 is a very significant level, $665 next level, $680 by spring..certainly mining companies very happy, came back from Cambridge Resource Conference in Vancouver, 8,000 people, amazing level of enthusiasm..longer-term we are looking at very bullish scenario fundamental..as long as global economy stays on track, looking at extreme bullishness for virtually all commodities..

I think gold is fiat currency story..gold rising against all currencies..US dollar may be one of weaker currencies but global inflation story..we are increasing money supply, they took away M3 but private sector tracking it now, we should be looking at 10% inflation..Britain announcing biggest inflation in 10 years, productivity decreasing..hard for Fed to aggressively cut rates