$1500 an ounce Gold spot

[Rodebaugh]

Gold has made it over $1500 today. Remember....gold? yeah.....Kinda like silver but not as popular and a little more yellowish.

[Country]

Look for a little selling at this even $1500 level. Then... Could GOLD catch on fire and lead precious metals higher?

The dollar has resumed it's downtrend after a big bounce yesterday.

[beauanderos]

I doubt gold is going to lead the precious metals pack higher. Sure it gets more publicity, but the Boyz still seem to have the capacity to kill dynamic attention-drawing moves, whereas they seem to be losing control of their ability to do the same in silver. It would be nice tho, to have gold confirm silver's recent highs by higher sustained moves itself, supported by the miners.

[Know Common Cents]

I suspect that much of the gold buying is still being done by funds, central banks and mega-investors. At what point, though, does the average investor throw in the towel and say, "Gold's at $1500/oz and I can't afford to buy it."

The average investor can then turn to silver, but a $100 note now buys less than 2.5 oz of Ag. A gallon of gas is now over $4.00 and food price inflation is rampant.

Seriously, though, where does one turn now that all of the above factors are happening? Most of us are positioned in some way to protect our assets. A high percentage of the public is pretty much clueless when it comes to PMs. Are we on course to be on the front lines of the "haves" vs the "have-nots?"