There's probably more money out there being printed than we can possible fathom. It will all end in tears but when is the question. Perhaps when oil goes to $100 or when the USD is so low that USA either loses its purchasing power or has to raise interest rates by increments of 50bps. Not really strange gold is running. Only a rise in interest or a big rise in the dollar can stop gold run. With a falling dollar and rising oil inflation must be ticking up in America all the time. With interest rates on hold and property/stocks at all time highs the consumer will probably keep spending money he don't have and go further into debt until the party ends and bankruptcies hit. But since Bernanke is dovish he is digging his own grave. He and his mates are probably buying gold while the citizens of America don't know what's coming.
Can we see the biggest spike in history? Dow at 15,000, XAO at 7000, BHP at $50.....and so on? But maybe not. At the rate the USD keeps falling (if it continues) a crash is likely sooner rather than later.
Gold market knows something is wrong. Bond market is starting to know. US stockmarket is already being prepared for a crash as long as the USD keeps falling. Sooner or later foreigners, who own a huge chunk of dollar assets (thanks to Mr. Greenspan and his "let's print our way out of trouble" policy), will start selling dollar denominated assets.
China, India being mentioned. New world economy. Nah, the USD is the key to all of this I reckon.
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