according to ed steer of casey research, this rally isn't the real thing yet. according to me, it will do until the real thing comes along:

So...we have the US$ apparently heading for oblivion, the Fed about to monetize debt big time, interest rates on the rise...and gold and silver on a tear. On the other side of the gold and silver coin is the danger signals that are ringing loud and clear from the Commitment of Traders report. Even though life is good right now, and everyone is as happy as can be...the bullion banks are still there, still in control and still very dangerous. How will you be able to tell if they have thrown in the towel...either over run, or buying back their short positions? As Ted Butler has said to me many times...just look at the price action. We'll have disorderly markets...and huge price moves to the up-side. It will be a sight to behold, and you won't have to ask..."is this it?"...as it will be self-evident. But we're not there yet.

http://www.caseyresearch.com/display...