Are gold prices at a peak?
This guy is calling for $800 an ounce by year end:
This guy is saying we're at a peak and it won't go up much more. Other commodities are likely to realize larger returns as economies around the world start to recover (maybe not ours, but there are bll markets going on right now outside the US):
Earlier this week I saw an interesting fact about gold. Zero ounces were imported into India for the first time. This means that global gold demand is driven entirely by fear right now, and that kind of fear isn't going to last. People are hedging against the collapse of the dollar, but only 5% of the world lives their lives in dollars.
Every time I read mining company news, there's another gold producer that's ramping up production. It's going to be time to short gold and gold miners soon as all this additional gold enters a market that is seeing reduced demand. Unless you are a goldbug to the very core, you have to realize that gold follows the laws of supply and demand like any other metal.