I am not saying it is going down I’m just saying it has been taken to new highs on speculators, rumors, and hedge funds. The price of gold has nothing to do with the supply and demand of its products in actual use but its perceived value. Hedge funds and keeping up the price with buying and rumors are wild that China will use gold to diversify its holdings. China has already said it will not buy or sell any gold because it does not want to affect the gold market. Jewelry demand has been predicted to drop by 21% this year as well. I’m not shorting gold but there is no way in hell I’m jumping in this late. You want a commodity? Sugar. This world is fat and getting fatter. These fat asses want sugar and lots of it. Don’t believe me? Walk in a convenience store and look around. Buy sugar.