dl, there are a couple problems with thinking the "gold bubble" will soon burst.

1. cash costs are rising like mad! most producers are paying over $700oz just to produce the stuff...so how low can it go?

2. resources have dried up

3. industrial demand is way up

fact is, gold was $800 in the last "bubble"...that was 30 years ago! so how high can it go 30 years later? this time, it's the whole world rushing to gold, not just the west...i think we may be fairly early in this bubble yet...

to be honest, i'm not sure how much of this rise in POG is "frenzy" and how much is just "setting a new market price"...we'll find out over the next couple years but i think the $500oz days are gone forever...