[junta]

CNBC's morning Squawk poll had stocks 45% and gold second with 27% as investors choice for investments of choice for the next 12 months. I doubt CNBC is a haven for Gold Bugs and 27% is not in contratrian indicator territory yet so my thinking is that we are in the formative stages for a gold rally.

[steveegg]

The depressed interest rates really cooled the CNBC-types usual investments of 2nd and 3rd resorts; bonds and CDs <VBG>. Seriously, as long as folks are realistic about gold's future (the gold standard is NOT coming back to the West, so it is simply another investment that is not guaranteed to make money), it could be a decent investment. IMHO, until and unless the economy improves significantly, there'll always be too many investors chasing too few good investments with too many dollars to prevent any rally in any particular investment category to say that any "rally" isn't a quickie bubble being formed.