>When everyone is banking on 'the obvious' trend to go forever that is the time to be on standby for the unexpected.
Very good point although we are years away from that tipping point IMO unless Gold shoots straight up to US $3000 in which case it might be time to take some money off the table.
Oil going over US$120 was much higher than any inflation adjusted price at the time and then supply exceeded demand substantially so a drop is understandable.
Gold has to get to well over US$3000 before it has reached it's inflation adjusted price. Some say that the inflation adjusted price is US$2500? Some say that it is much higher. Either way we have a while before it gets to that price and then keeping in mind that the world hasn't ever had to deal with deb't like this before. Gold may have to go past US$10,000 before any debt is able to be paid for.
