There's no question in my mind that gold could get pummelled down to the $700 area. Unlike the end-of-days/survivalist nuts on FS, Sinclair, etc., I know it can happen and it doesn't have anything to do with government conspiracies. It has everything to do with the shorts making money. I think owning gold for the long term is smart, but you have to ignore these short term sell-offs. Yes, if gold were to go that low, it probably means that oil will be trading for $15 a barrel. Maybe then JP will have Zapata George come on and explain the 'mark my words, you will never see $120 a barrel oil again in your lifetime'. (: