[webschooner]

Gold has had an incredible run-up. It could consolidate/correct a bit, but IMHO it is still headed north.

I look at this differently — I look at this as the US$ sliding lower more so than gold rising, because I think that is the specific reason for the rise.

The US$ is considered a toxic asset worldwide ... This was months and months ago, but I read back then that on the black market overseas in many places, they didn’t even want the US$. If that was true then, how much more so it must be now.

[killermosquito]

I agree totally. It isn’t that the price of gold is higher it is that the value of the US is lower. I too think that gold will continue to rise.

[UnbelievingScumOnTheOtherSide]

The US$ is considered a toxic asset worldwide

The Euro sucks only slightly less...