Bill Bonner Shows Misgivings

Bill Bonner of the Daily Reckoning is an old-style goldbug, who was consistently bullish from about 2000. Gold's more than quadrupled in that time, which has led Mr. Bonner to profess a little angst. He doesn't say to quit gold, and indeed discloses that a sharp hedge-fund manager is now a gold bull. That manager, David Einhorn, made a mint shorting shaky U.S. banks in 2007.

I can't place Mr. Bonner as one of the durable gold bulls who fears a bubble, as he still is bullish - but his misgiving show how others of his stripe may shy away from gold due to its huge run-up.