Jordan Roy-Byrne CMT, MFTA

Dylan Grice, an analyst with Societe Generale calculates a price target for Gold based on the monetary base and US reserve gold holdings

Jim Rogers is interviewed by theStreet.com.

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Marc Faber, a few days ago said Gold would drop to $800 or hold above $1000. Now he believes $1,000 is a historic floor.

Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world’s top producer Barrick Gold.

The report is here at CNBC, c/o of Reuters.

Chris Puplava over at FinancialSense takes a lengthy look at the aforementioned question.

India’s deal to buy 200 metric tons (6.4 million troy ounces) of gold from the International Monetary Fund (IMF) is a huge deal – not just the fact that the New Delhi government is handing over $6.7 billion for the metal, but what it may mean for gold going forward.

Since the USA will not default, not raise taxes nor cut spending, the only logical recourse will be to print vast sums of U.S. dollars to fund this surreal foray into deficit finance. In other words, reflate.