Using two mathematical formulas – my Fear Index and the Gold Money Index – I have repeatedly made the case that the US dollar is overvalued and gold and silver are good value. Since their unprecedented drop in price that began last week, I've been looking for fundamental reasons to change my analysis, and thus alter my bullish forecast for the precious metals.
Since then I still haven't found any reason to change to change my bullish outlook. Given their lower price, in my view gold and silver are simply better value than they were a week ago, and the dollar more overvalued."
- James Turk via a recent GoldMoney article: