Investment Manager Believes Gold Went Too High, Too Soon

From the blog Fi$cally Fit comes an analysis from investment manager Paul Schatz, who got skittish when gold was rocketing up towards US$1000. He believes that gold is (or was) on the verge of a bubble, which has resulted in "bubble-esque" behavior until last week. He believes that the gold bull market will avoid going back into bubble mode if it consolidates "over a period of months" at about $1000.