“I’ve yet to be convinced that the Keynesians are right, governments of the world have cured what ails the global economy with their virtual printing presses, and the next boom is a done deal.  That doesn’t mean gold can’t or won’t go lower – just that if it does, the fundamentals say it’s a buying opportunity. I know that some analysts are saying that having retreated more than 20%, gold has entered ‘official’ bear market territory, and that signals a long wait for recovery, but experience has shown that when gold sells off for the wrong reasons, it usually bounces back. Strongly. Remember the second half of the 1970s gold bull market.”

http://www.caseyresearch.com/cdd/gold-fear-vs-greed-and-taxes

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