I expected to see gold go higher with the crappy economic situation and all. It's gone up from $280 to $330 since the Bush economy took over. I was looking for $400.
You may yet see $400/oz. But it is highly unlikely that this will happen in a short time frame - it may take several more months or even a year. But the level I expect to see achieved would be closer to $350/oz.
No it didn't skyrocket for Y2K - but it did go up about 15%. From the recent low since then around $253 - it has gone up almost 25% and is still going.
