LOOKS LIKE THE GOLD RUSH IS OVER

A few months ago I was surprised to hear an ad for silver on one of the local wingnut radio stations and I thought that was because gold had simply gotten to expensive but that's not true.
Gold has apparently come down from its peak in 2011 and has been in decline since then:

According to this NY Times article, the party seems to be over for gold...

Gold, Long a Secure Investment, Loses Its Luster

By NATHANIEL POPPER
Published: April 10, 2013
NY Times

A mere two years after its price raced to a nominal high, gold is sinking — fast. Its price has fallen 17 percent since late 2011. Wednesday was another bad day for gold: the price of bullion dropped $28 to $1,558 an ounce.

On Wednesday, Goldman Sachs became the latest big bank to predict further declines, forecasting that the price of gold would sink to $1,390 within a year, down 11 percent from where it traded on Wednesday. Société Générale of France last week issued a report titled, “The End of the Gold Era,” which said the price should fall to $1,375 by the end of the year and could keep falling for years.

I have not heard a peep about this from any of the radio gasbags who have been paid well for pushing gold for the last several years.