Originally Posted by *******

As I have stated many times, I knew there would be a shake out and the price (predicted it on GFY to within about 10 days accuracy) would rise back up. However I did not buy on the last dip to the low $1,600's because I am shorting Apple and have bought put options in anticipation of a market sell off.

So who was smart enough and strong enough to ignore the crowd of people who said gold was in a bubble? At the moment of this post gold is trading at $1,770.

Yes gold and silver could have more shake outs but by this time next year their current prices will seem cheap. Ask yourself how much people on the titanic would have paid for a spot on a lifeboat. Gold and silver will reach prices that seem unreasonable. At that time we can start having a real discussion if Gold is in a bubble. Right now gold is a bargain. The US dollar is in a bubble and is getting ready to burst. It will be interesting to see all the millionaires who will lose most of their wealth and how they will handle it.