Jazzmox, I forgot to add that even though gold prices were...

Jazzmox, I forgot to add that even though gold prices were forcast in the multiple 1000s in 1980 when gold hit $850oz (mind you, many by mainstream media), bullish forcasts were being made by goldbugs in 1971, when gold was $35oz. Gold went from $35 to $850oz in 9 years. This move would be the equivilent of a forecast of over $6000 an oz when gold hit its double bottom of around $250oz. In inflation adjusted terms, gold today would have to go to well over $2000 an oz just to match the 1980 high.

It all depends on where we are in the cycle, and to determine that, of course, we look to fundamentals of gold supply/demand and general econmomic and political stability. These are forcably pointing to an answer, but, as always the public is looking the other way and does see it until the cycle goes parabolic.

Cheers

Ziro