As per my previous post, gold is going higher because:

Personally, I don't understand your opinion. Here's how I see it:

1: Diminishing supply

2: Skyrocketing physical demand

3: Race to the bottom in ALL major currencies

4: New production being sidelined due to low Comex price

5: Few major finds in the pipeline

6: Countries starting to buy Gold (Saudi/Iran/China, and others I'm sure)

7: Gold at all time highs other than US$ and Yen.

8: Ample GATA et al evidence that the Comex price is manipulated to downside

9: I'm sure there's more....

You can make your arguments all you want, but I'll stick with what I've noted above as my decision making criteria in the macro scene.

MB