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The facts remain the same:
* The Fed will print as much money as is needed and bail out the big names.
* The big Wall Street banks and other institutions still have exposure to third party defaults that have not been declared or acknowledged or are even known about at this time.
* There are plenty of deflationists believing in a financial blow up who will buy gold to protect themselves.
* There are plenty of others believing in inflation who will also buy gold to protect themselves.
* Inflation is in the pipeline and everyone sees it everyday when they buy goods. This is a global phenomenon and will take gold higher in the coming years.
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Important points to keep in mind.