H, I agree. I think Turk is much more of a visionary, and a credible visionary. He sees what is happening as well or better than most. John Doody's strength is as an analyst. He's a very good one. It doesn't surprise me that his estimate was so low.

I think you can divide the gold bugs into two very distinct camps right now, i.e. the hoping and the believing. Jim Puplava, James Turk, Bill Murphy, John Embry, Eric King, James Dines ...these guys are the true believers. Doody is more in the hoping camp with most of the gold CEO's I met in Denver, the Peter Merrones and Mark Baileys and even the Sean Boyds of the world. All smart men, just too locked into the business to be able to see as clearly the bigger picture of what is unfolding as well as some others do. The attitude in this camp is one of great expectations, whereas in the other it is one of, "The world cannot continue to function if gold does not do what it has to do."

Obviously, I am in this camp. It takes a different type of thinking to sit tight in this place. One has to see gold as more than a metal. It has to be a necessary component of any lasting economic structure, the forgotten wise man, so to speak.

I don't know if John Doody really realizes how important gold is in the adequate functioning of a civilization over extended periods of time. When one gets to this understanding, everything changes. At the same time, one ends up sounding a little kooky, as James Turk might to "more conservative" gold analyst when he talks about gold going to $5000. Personally, I believe, in a mania, with the government printing like it will be, we could see gold go to $8,000 or higher. But that remains to be seen. Bull