[WatchNKorea]

"Like I said, you can just smell the panic in the air."

Yes and come to think of it...a gold/silver thread such as this one would bring about 6 posts here at FR over the past few years.
"...panic in the air " yes, indeed.
The smart money goes into gold and silver bullion with haste!

[equus]

Interesting thread.
But I agree, essentially, it's like any trade--you can gamble stuff on possible news (cartel will be outed etc), but if you lose your gamble....
So its better to ride waves up and down based on technical analysis, which is the same whether you're dealing in metals, stocks, options, indexes, whatever.

I think gold's gotten a good ride so far, and those who invested autumn of 2001 were smart. I'd probably be getting out of that position now or in the last few months. Of course, I sat on the sidelines, I was too nervous to do anything.