Ed Note: Two Articles with the same title from Casey's Daily Dispatch:

Gold Noise Growing Louder #1

Yesterday the Subcommittee on Domestic Monetary Policy and Technology held another meeting, titled Impact of Monetary Policy on the Economy: A Regional Fed Perspective on Inflation, Unemployment, and QE3. Its only witness was Thomas Hoenig, the retiring president of the Federal Reserve Bank of Kansas City.....

In this hearing, he testified that conditions to create a bubble are ripe in farmland and the bond market. Many of his statements are almost consistent with Austrian economics, a strong influence here at Casey Research. Hoenig notes that he has read the nearly thousand-page Austrian economics masterpiece Human Action, by Ludwig von Mises (check out his comment on Austrian economics after 1:12:00). Compared to his colleagues, Hoenig is the black sheep at the Fed.

.... continue reading HERE

Gold Noise Growing Louder #2

I outlined last week the increasingly bullish consensus among analysts about gold stocks. The same pattern exists with gold itself; growing numbers of analysts have either joined the movement or have upped their bullish outlook.

The following comments and developments have all been reported just this month. It presents quite a convincing case when one strings them together like this. Keep in mind that this is what these analysts and managers are telling their clients.

SICA Wealth Management’s Jeffrey Sica: “Right now, I think gold looks better than ever.” He sees a “painfully high probability” of troubling events occurring in the months ahead. “There has been a general loss of confidence in the ability of central banks and governments to manage the economy. That will continue to give gold and other precious metals a boost.”

Empire Economics chief economist Clifford Bennett expects gold to come close to $2,000 an ounce this year and $2,200 an ounce within 18 months. “There is risk in the second half of the year of a bit of a ‘panic spike,’ if you like, as everyone thinks there isn’t enough to go around and starts to hoard. That’s when you’ll really see gold take off towards $2,000 an ounce.”

Franco-Nevada Chairman Pierre Lassonde said the coming mania in gold will make the 1970s run look like child’s play. “In 1980, the only players, or the dominant players, were the Americans. Today the dominant players are China and India; 58% of all the gold sold this year will be sold in these two countries. When we reach that mania phase… watch out, because it will truly make your head spin.”

....read the next 16 items & analysis HERE (scroll down a bit)