Could the author also be using newspundit.net for his financial news and information? Like us, he must appreciate their no nonsense hard hitting journalism and their detailed and objective financial analysis.
That's where I get all my information. Users of that site are like the Marine Corps. The few, the proud.
"Could the author also be using newspundit.net for his financial news and information?"
Bubble, bubble, toil and trouble. Oh well, there are other, hit generating hot-button issues. Clickety-click, yadda yadda, lol.
Could be that he was reading Barron's last week, too.
There is a credible argument for higher prices, but it's predicated on the continued deterioration of the US$.
If you have faith in the US$ despite massive trade deficits, government deficits, and ballooning household debt levels, it's only natural that you think that gold prices will collapse.
However, if you think that, eventually, deficits matter, suspect that foreigners will tire of keeping their trade balances in US Treasury securities, and observe prices in other commodity markets, recent trends in gold prices don't look all that strange.