No Moss

Why Gold is Likely to Keep Moving Higher

I'm sorry, but you know it's a market top for gold by the number of articles touting gold to go to $1500-2000-higher. Gold can come down based on supply when institutions start selling, like the IMF recently has. There is a lot of gold gathering dust, and higher prices bring out sellers. The last spike in gold prices faded quickly and didn't recover for decades. I'd be surprised if the current spike didn't end in a similar fashion.

We have a perfect storm of financial panic, a falling dollar, falling home prices, falling stock prices, and quickly rising commodity prices, especially energy-related commodities, which have the most pervasive inflationary effect on economies.

Will gold still be king when it's safe to come out and play? Probably not.