Lengthy And Thoughtful Gold Bull Article At Seeking Alpha

It's by "Washington," and it uses Goldman Sachs' recent up-targeting as a springboard: "Goldman: Gold to Rise Above $1,400 an Ounce by 2011" Despite the title, almost all of it is a detailed elaboration of eight reasons why gold should go up:

gold is a reasonable investment based on: 1) the dollar; 2) central banks; 3) declining production; 4) inflation; 5) deflation; 6) global short-term interest rates; 7) uncertainty and distrust in government; and 8) flight to safety.

Of special interest is the detailed discussion of a production decline in the face of the current bull market, and an examination of how well gold does in deflation. Regarding the latter, the author concludes that gold thrives in deflation if monetary expansion accompanies it.