I have to smile when I listen to Gary Savage's advice to hold out for the pull back to $1100 or maybe even a "bloodbath" taking us closer to $1,000.

I realize that Mr. Savage is a bright guy, and that he has to sell his services, but why are we even wasting time with all of this?

Gold is currently at $1,172.30. If it goes to $1,100 that will be a drop of 6%. If it drops to the major bloodbath level of $1,000 that will be a 15% drop.

Now compare that to the upside potential predictions:

• $2,000 (70%)
• $5,000 (328%)
• $64,000 (5,361%)

After being in the investment business for over 40 yeas I have never known ANYONE who consistently picked the exact top or exact bottom.

Following these analysts is an interesting distraction while we wait for the REAL investment scenario to play out, but don't let someone like this have you OUT waiting for the last nickle when there are millions to be made being IN!

Let us not lose our perspective listening to all the talking heads.