WIth regard to gold, fivedollargold sold some above $1600/oz and bought it back below $1400. Fivedollargold is presently in trading mode with regard to this wonderful metal.

Absolutely. I don't buy it for investment. I'm in it for hedging against inflation and fiat BS.

A well-written counterpoint is below. This is submitted in the interest of keeping everyone well-informed of all the views - I'm not advocating for it. Well, I kind of am. Just not strongly.
http://thefundamentalview.blogspot.com/2...

My view:
Central banks buy gold - that's it. Gold, Silver, Platinum, and Palladium all took a nose-dive on 12-15 April. If this Gold drop is due to a targeted short sell against it, why are all these other markets taking hits? The conspiracy theory suggests the other markets were also targeted with short sells, but the effect gives no advantage to a central bank! People invest in PM markets when they see traditional stocks and bonds returning losses. They get out when they see those markets improving. Couldn't this simply be a natural sell-off? If you look at the NASDAQ-100 index, it's had six months of positive growth. Its low point was 15 November - nearly exactly six months before the PM crash. I think this is just computer-driven selling. A trend held in place for six months...the algorithm said "trend confirmed" and cashed out of PM safety.

Now, I think something unusual is going on in the Silver market. Supply and demand principle says when the price of something drops, it's because supply increased (or production costs dropped, but that's not in play here). The 1oz spot silver price dropped from 27.5 to 24.0 in one day. That's big, but not unusual for silver. If you look at a two-year chart, silver has had a couple of worse days. However, this event IS different. This writer went to the physical market during those past dips and was able to buy at $1-2 over spot, a very typical premium. I went to buy this time and found Silver had turned into Unobtainium by some unknown alchemy. PM stores are saying they are out of inventory. I do not believe them. The crash happened on Friday, and there was no metal to be found on Saturday. It appears to me the PM stores are simply refusing to sell their existing inventory at traditional markup because they would do so at a loss. A week later, Unobtainium turned back into Silver. However, those who are selling have increased their markup from a pre-crash $1-2 over spot to an astounding $6-9 over spot. Why don't the PM stores themselves to go the big-time bullion market to buy at this depressed price? Maybe they are? I think we will find out within a month. If you see physical PM dealers again selling at pre-crash spot prices, they have obtained new supply at lower cost. But remember how the US mint ran out of silver blanks to make Eagles earlier this year? If the price of silver could be explained by a flood of new supply, wouldn't the PM stores already have accessed it? Demand is high. Their premiums are a sign they can't get new supply quickly and are selling their current supply. During this entire Silver episode, I have seen absolutely NONE of this going on in the Gold market.