The more things change, the more they remain eerily familiar, however. Some of the explanations (for this $70+ drop) being tendered to such shaken holders of the precious metal, sadly, are as fictional as they have ever been. They range from sinister price sabotage to absolute denial. Meanwhile, the loud urgings to ‘back up the truck’ are omnipresent, once again, replete with assurances of $50,000 per ounce gold to surely come, and no further material declines in its value, from now until the end of time. Oh, really?

If you can stomache some more Nadler.

http://www.kitco.com/ind/nadler/jan072011.html