On Monday, just as gold spiked to a record high above $1900, the market cap of the Gold Trust ETF exceeded the market cap of the S&P 500 ETF - for the first time ever! This would mark a fitting peak in gold prices. Time will tell if I'm right or just early...
https://www.wealthmanagementinsights.com/userdocs/pubs/QMU_The_Gold_Bubble__IMT_FINAL_8.15.11_TAGGED.pdf
