what to do if slr hits $2.70?, page-97

"General consensus from gold bugs was gold would hit $2000.00 or a lot more by the end of 2012. I certainly see no reason for gold to go to $2200.00 in 2013. I personally would be pretty surprised to see $1850.00 by end of year, and do not count on it. Why would it? Low global inflation, improving Europe crisis, money moving out of safe haven bonds and into equities, not gold. US moving within a few years from an energy importer to exporter, I just can't see situations where gold will thrive."

You are completely right on the general consensus and this is why gold stocks are being punished at the moment. Most of us buying into gold stocks

1 - judge inflation by personal experience.
2 - understand that the structural issues that caused the GFC still exist and are in fact getting worse with every passing day.
3 - see the accumulation of precious metals are at very high levels.

Hardly anyone ever sees gold going higher but it always seems to, most likely the reason people don't see it is because they are measuring it by price and not other hard assets.

Its pretty much business as usual, we have been in a correction for the past ~ 2 years, sentiment is so low i'm starting to think we are close to the next breakout.

Also i think you are making way too much of the energy situation.