"Gold is becoming more and more volatile, passing $10-$15/oz in a matter of moments, both to the upside and the down, but that is a matter of price and percentage. A 2% move at $1250/oz is much larger than a 2% random noise move at $600/oz. But in reality, since Tuesday, gold has acted quite rationally, rising swiftly, correcting midday, and rising again. The public is not involved yet; indeed, the public is selling gold not buying it, as evidenced by the fact that there are as many advertisements on television touting the opportunities
one might have in selling one’s gold in old rings, heirlooms and the like as there are touting gold as an investment. Until such time as the latter advertisements dwarf those of the former, the Bubble has not yet been blown."