from Chuck Butler, **promotion blocked** commentaryAnd what about gold in 2009?...

from Chuck Butler, Kitco commentary

And what about gold in 2009? Well, first of all, that was some roller coaster ride that gold had in 2008, reaching for the stars of $1,000 only to fall back $250, and then rebound $130 to close the year at $880... Well... Going back to my thoughts about an "Obama bounce" in the first quarter of this year, I would have to think that gold will not have much support given that scenario... But... If my thoughts about the second half of the year hold true, then gold should have a smashing 2nd half to 2009... So... The "play" in the 1st half of the year, and especially the 2nd QTR, is to look to buy the dips... But that's only if you believe my scenario for 2009... If you don't, then steer clear of gold and every other commodity!

I see more and more calls for $2,500 gold... WOW! I think to myself, that would mean that the U.S. economy is really suffering, and if gold would ever reach those "crazy" levels, the dollar must be just about at its intrinsic value... (get it?) So... In my mind, I have to hope the price of gold doesn't go to $2,500, because then we would have a worthless dollar... And I know that there are some out there that truly believe that I "want" the dollar to be worthless, that's not the case... I live here, I need dollars for gas, groceries, and giggles...