Great article SuperMike and thanks for posting. Anyone that thinks the economy is bouncing back and that the Gold price is on a permanent downtrend is extremely short sighted. It's amazing that there is a panic in the market about Europe until there is a temporary bail-out of Greece and then suddenly everything is rosey. In our situation there is no way we can pay our National Debt and the powers-that-be don't have the stomach (politically) to take the measures to fix it so they will continue to monetize the debt.
In the coming few years when Gold and Silver become the defacto safe haven for your money mining stocks will be like the ".com's" of the 90s. Get in while they are cheap...
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