A lot of capital waiting to jump into the gold market

Gold last traded at $1,858 an ounce. Silver at $22.69 an ounce.

NEWS SUMMARY: Precious metal prices fell to 2-month lows Wednesday on profit-taking and a firmer dollar; offering a excellent buy-the-dip opportunity. U.S. stocks extended losses, led by big tech stocks, with the major indexes down between 4% - 6.9% so far in September.

Incrementum/Kitco---"Gold's current consolidation period is helping to remove some froth from the market, letting sentiment catch from the strong momentum seen this past summer that push prices to $2,000 an ounce, according to one fund manager. Although gold is caught in a trading range between $1,900 and $2,000, Ronald-Peter Stoeferle, managing partner of Incrementum and an author of the annual In Gold We Trust report, said that it is only a matter of time before prices push higher because there is so much capital on the sidelines just waiting to jump into the gold market. According to Mr. Stoeferle, 'Gold is in a stealth bull market with prices rising in every currency. The gold-to-silver ratio falling is another bullish sign for gold.'"