I'm favorably inclined towards gold at current prices, the bearish sentiment and huge short position are bullish. Most important is my firm belief that the price of gold has been manipulated lower by the same leasing that's similarly affected silver. A few years ago I publicly blew the whistle on the leasing and forward selling manipulation in gold. I'm not bearish on gold. In fact, I have made a good case for gold.
Gold is cheap.
Gold should significantly jump in price soon and surprise most observers. But between the two, I favor silver. Silver is consumed industrially, gold is not. Sure, both gold and silver are in a supply deficit and that's the most bullish argument you can have in a commodity. These deficits are being met with supplies from leasing and the forward selling manipulation.