the bottom line is we are going to inflate the world out of this debt crisis. All of these central banks stand ready to create more money. So I expect this pull back in gold to be short-lived. Draghi is pushing so hard for money printing because he doesn’t want to see the Europe descend into utter turmoil. That’s why gold will stay strong. Could gold go down to $1,700? Maybe, but even if it does, I don’t think it will go much lower than that. We’re talking about being 6% off the highs at that point, and that’s a shallow pull back. But once gold gets past this reaction, the upside is enormous and the same is true for silver.”