Edelson: Gold Yet To Bottom; But Will Rise Strongly From Continued Financial Disintegration

``Bottom line: Do not count solely on inflation to drive gold and silver prices higher going forward. If you do, you will be completely befuddled when gold and silver prices rise, yet there's no sign of inflation on the immediate horizon, and instead, deflation may still have the upper hand... Right now I am expecting one more major leg down in the precious metals, before the bottom finally arrives.''