I personally do not put much stake in most of the analysts PVE included. They all have their own agendas. We have hit a rough patch in the general markets and this will probably continue for another couple of months. The fed and other central banks will be injecting liquidity into the system through both lower interest rates and more money printing. Eventually this will turn the markets around as more money chasing the same number of goods in this case stocks will cause there prices to go up. I expect the second half of 2008 going into the US election to be pretty good. The real problems will start to show up after the election in the form of higher inflation and higher unemployment. In other words Stagflation.

There is currently no tolerance of any pain among the electorate in the US and the cries for the government to help will continue. Gold will continue to move higher as long as the politicians continue to choose the economy over the dollar.