All that glitters...

[Grieve]

People have been saying that for the past 7 months. I tend to think you're right, but as always, its all about timing.

Actually they've been saying that for the past 10 years, since it was $250 an ounce or so.

Gold is a 100% emotional trade and has nothing to do with real demand. That scares me.

I don't think that's quite true. Lots of central banks have turned from sellers of gold to buyers, most importantly China. They are trying to diversify their currency reserves, of which, as we know, they have bazillions. Plus the gold ETFs have sucked a huge amount of the gold supply out of the market.