All that glitters ...

A Shakespeare purist will tell you the famous line from "Merchant of Venice" is really "All that glisters ...." Whatever.

When I first wrote about gold as a tangential reference at the beginning of April, it was below $600 per ounce. The comment was, expect higher.

I wrote about it last week at $666. The inference was expect higher.

Today it is just below $700 per ounce, and I have no comment, because a number of important analysts are now speculating about the prospect of $1000 gold ... gee, if they are paying attention, I might need to rethink my own position.