I believe that goldwould go higher in the long run if the bail out had gone through. The US would have to print, (or punch the computer ), $700 billion dollars, probably in the end around $2 trillion. The US dollar would absolutely tank taking gold and precious metals to unbelievablr heights. They are screwed down there either way and are taking the international financial markets down in their wake. Pretty sad out there.
signed:
Chicken little