Nice Rally, but Can Gold Sustain It?

Gold can sustain higher values if the fears are maintained. As long as fear of war, economic problems, or political upheavals are present, gold prices will rise. When the public becomes complacent or speculative, the price of gold falls. However, the short-term pops and drops of precious metals is but a side-show to the big top event, when the USD inflates to the point of total collapse. The QEs began it and look to the East for when the collapse might happen.

"Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one."
—Milton Friedman