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The rampant optimism surrounding gold is startling. I, personally, am terrified of the stuff, and I only trade it these days for quickie day trades (like my DZZ purchase early today, closed for a spiffy little profit later). But those are "Scoot 'n' Shoot" trades. I, for one, am not about to try to figure out when gold tops out.

All the same, the ink being spilled over how gold is so wonderful is a sight to behold:


The fever around the metal is having obvious effects on GLD…….


And, most interesting of all to me, it is garnering most of the mindshare too (with the exception of item #1; by the way, isn't that supposed to be spelled Bulltard?)