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<p>[QUOTE=&quot;Argento, post: 847775, member: 17165&quot;]Well, gold&#039;s been doing the $1100 dance for some time now so I am starting to believe gold&#039;s at its peak, though I am not wholly convinced.</p><p><br /></p><p>My reasoning as follows: With recent discussions to slap miners with royalties in my home state (NV, which is also responsible for 80% of US gold production), something they&#039;ve never had to endure before, there could be a serious lull in the gold action.&nbsp; Sure, the royalties will be responsible for a temporary spike if and when they do hit, but the long term effect will be reduced demand and thus, reduced prices.&nbsp; Bear in mind, the reduced demand I speak of is assumed due to my perception that $1100 is the current ceiling and that there is very little appetite for higher costs which would decrease demand.</p><p><br /></p><p>All other economic indicators speaks towards a thaw in the economy.&nbsp; Even hard hit states like NV, MI, etc. are seeing some signs, albeit very small signs, of &quot;green shoots&quot; on which the economy could get a foothold and grow.</p><p><br /></p><p>I am going to watch things very closely here over the next few months and if the NV miners have to start coughing up royalties, I may just pull the trigger and liquidate all of my non-numismatic silver and gold, give prices some time to get back to the $600-$800 range and hop back on the train.[/QUOTE]</p><p><br /></p>

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