The way I see it....the local govt's aroudn the nation are insolvent and will need a bailout of some kind...the fed gov't will have to give them money to keep the states going.  To do this...they will have to "print" more money.  This is a short term correction, although I'm still scared of a much larger correction.  I bought in when the gold correction was around $1150/ounce.  Lets hope I have the right idea.  I'm only short term on gold, and I think it has upside from here.  We are not out of the woods, there will be easy monitary policy going through the end of the year....into January.  Beyond January..its anyone's guess.. and I'm stepping out of the way at that point.