people dont believe the price surge will last, page-9

Central banks are stuck. The big problem right now is that banks wont lend to each other because they don't know who is holding the big sub-prime bag. Inflation is already sky high, but the only thing central banks can do to fix the problem is to cause more inflation with bail outs or loans or lower interest rates.

I wonder if Australia's central bank wont eventually be forced to cave in like Canada's already did and lower rates in spite of inflation concerns. Eventually the government, people with mortgages and export businesses will all be screaming for it.

There may be a pull back, perhaps even a large one (aided by central bank reserve sales - watch for it), but I don't believe we're anywhere near the top of the gold price right now.