I was also disappointed in his analysis, comparing the bailout to mother who would not turn her back on a child with a broken arm. This is completely different, and as James Turk said, the analogy does not work.

I was a bit surprised to hear Doody also say that he was not sure gold would get up to $2000-3000. All things considered, I would put that as a conservative estimate for this bull market.

I am much more in the camp of James Turk, who understands this history behind fiat currency, the structural problems with our economy, how early in the entire unwinding we sill are, and where we are ultimately headed.

Hysteria