CJR, I'll have to agree with you AGAIN.... haha.... seems like you and I have the same investment brains/thought process on certain things.

I think this latest push down of GOLD is a last ditch effort to save the US Dollar and to save alot of countries from going bankrupt. Gold will still drop in price a bit more unfortunately, but not much more, the bottom is near IMHO.

What you'll see is markets bleed for a bit, and then the POG will continue one last assault down, and then you'll have complete financial meltdown (ala March 2009), when this happens it'll be a domino effect, countries will go bankrupt, the USD will fall VERY low, stock market will go VERY low if not a complete stock market crash, the media scare of the world ending in 2012 will be used as fuel for everything collapsing and the POG will bounce from its lows of 1100-1200, and shoot up to $1800-$2000 very quickly. We will see one day gold gains like we've never seen before, the US will look to China/India for help with their debt. POG will continue to rise and once it breaks $2k, it will have one more big bounce up and settle in the $2600 range for a very long time while the world recovers and new powerhouse countries emerge as the new leaders post 2012. We have pre and post 9/11 and now we will have pre and post 2012.

This is all just my opinion, and as I started typing it all came to me, I didn't sit and think about this, nor did I sit and plan to type it, once I read CJR's post, I just started typing away. Maybe this is a sign, maybe I'm completely off my rocker or maybe I'm sort of right - lol.

Whatever happens, I am an enormous believer of GOLD and it will be the currency of the future - that I am sure of.

Peace

TMl26