Casey, if the Saudi's announced over the weekend that oil would be $2,000/bbl, I don't think they sell much and most would think they went nuts. Now, if they refused to sell lower, then surely the market would move skyward, but not anything like ten fold. Similarly, I wouldn't think the US could peg gold at $20,000/oz and expect anyone to take them seriously. Can you imagine the hit the dollar would take? Again, though, I doubt it would be anything like ten-fold.

I think those that speculate on the POG being pegged at this or that number end up being no more accurate than those that indicated that all the ECU shorts would have to cover.

Bottom line, if it's going to make us way richer for no meaningful consideration, it ain't happening!!