Turk - Commencement of QE3 to Send the Dollar Into Oblivion

``"A lot of people who normally trade paper gold and silver from the long side are now on the sidelines. If gold can push above $1,510 and silver above $35 we are going to see a tidal wave of buying coming into the market from these sidelined buyers. The purchasers of physical metal remain very active. Asian premiums on gold have jumped back up providing clear evidence that support at $1,500 is solid. Another piece of evidence is the huge drop in registered silver inventories on the Comex. Silver inventories have been disappearing for months, but the trend is starting to accelerate at these low silver prices.''