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Message:: [QUOTE="InfleXion, post: 1410077, member: 29012"]Marc Faber recently said he thinks there is further downside in gold, but I do not expect to see it below 1500 again. By November I think we will be above 2000 and probably more like 2200. The assumption that the price cannot go up because it's an election year is based on the assumption that the elite want the current president reelected. I do not believe this is the case, because there has been a lot of negative publicity around the birth certificate lately, and because the Keystone Pipeline was not passed at first, meaning he is not playing ball until his arm is twisted, and because Goldman Sachs is the #1 campaign contributor for Romney. Gold prices rising would support a GOP candidate, and my gut says that's part of the plan anyway. Besides that, even though the Pan Asia Gold Exchange got kiboshed, there is going to be an alternative nonetheless that will usurp COMEX dominance this summer and provide an online metal exchange for all Chinese citizens. Also, there is no way the Fed is getting to November without QE3 unless they're OK with another 2008 scare, but that would probably hurt reelction chances anyway so we'll have to wait and see. Longterm, inflation is required to keep this boat afloat and to keep paying the bills on time. Deflation means default, in which case you will want gold and silver anyway because they can't be given a haircut like paper assets.[/QUOTE]