In this article from http://www.moneyweb.com/ , Ian McAvity, a longtime respected gold market watcher, says that "it would take a rush to $5,479 to replicate the 1980 peak (I repeat that is not a forecast, it's a technical observation from an overlay of the cycle of the 1970's on the cycle from 2001). Simply put, any talk of a gold bubble is utter nonsense." LINK...
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As we said in our post when gold broke $1,250, you will see more and more talk about much higher prices and a target of $1,500 by years end may be too conservative? BK
