Terrible grammar in the last post - thoughts were evolving as I typed. I do think the madness of the current policies of the FED and ECB, and the fact that 100% monetization of US debt issuance by the FED is not only not being questioned by the MSM, but being actively promoted as somehow bullish for US treasury debt, the USD and the US Economoy in general, indicates that the govt debt mania has to be near breaking point. You can always tell the end of a mania is near by the ridiculousness of things being accepted as fact by the general public (think .com, housing, etc...)
So given that, plus Basel III being the bullhorn screaming that gold is about to get a lot more valuable, I'm really bullish on gold. I just hope VTR survives long enough to benefit.