That's right, the top in gld. We've seen it. With the Euro below 1.40 and the dollar breaking trend lines, the gold bugs are advised to find old copies of "Dow 36,000" on Amazon, because that'll be here long before gold reaches 2000. I recommend this article from Minyanville. http://www.minyanville.com/business...ommodities-precious-metals/3/24/2011/id/33532 "How do you value gold? Like all commodities, it offers no yield which is why historically it offers such dismal returns. What you can do, however, is to compare gold to an asset that should theoretically be one of those entities that you can exchange gold for in 30 years. Real estate appears to be an excellent comparison vehicle since it also follows inflation pretty well. Since transaction costs are so high, real estate is usually very stable and goes up a little bit each year. Yes, we recently have had real estate bubble, but nothing is perfect and it really is a rare occurrence. In 2011, the gold/real estate ratio is the second-most expensive out of 122 years. No doubt, the gold bugs will note that in 1980 the index went even higher. For those curious, if gold would reach 1980 levels it would trade at an average price of $1,868 for a calendar year." Today gold closed at 1818.18. "The gold/real estate ratio is robust; it does not appear to have any major secular trend creep issues and it offers both great buy and sell signals."