Is this the end of the gold rush?

That is the title of one of the articles that shows up when you log in to BARCHART today. Then follows an article that is typical of the ignorance of journalists. The Author (Bernard Condon) attributes the rise in gold price to fear and a badly performing economy. Since, the economy has recovered (echoes Condon the Obama regime), the fear is dissipating and so gold prices have peaked. Aside from the assertion that the economy has recovered (another myth of the Obama regime, like the fallen unemployment), gold prices rose not in response to the recession, but to the QE to end it. Wednesday's drop of $50 in gold price was not set off by some mythical improvement i n the economy, by the announcement that plans for QE3 are shelved. However, QE is continuing in the form of Operation Twist and actual buying of Treasuries. And the US Dollar is going up as Spain is now in the spotlight. Falling gold prices would be an indication of slowing inflation and Bernake wants more rather than less inflation. I am sticking with my prediction that gold prices will hit a new high by the end of May.