Gold: Overbought or beast that won’t die?

Gold seems at an inflection point here with 1280 most recent resistance. It is curious that on such “mainstream” sites ie, Marketwatch, article after article is being trotted out pounding the table on why gold is a short, the rally is running of steam and more. Who are they trying to convince , themselves or us? When they start urging people to buy then it might be time to get out. Even Cramer is bullish ( at least for the next 15 minutes) and was pounding the table on Randgold. What propelled the 2008-2011 rally was negative real interest rates, a condition now affecting 7 trillion in bonds and on the horizon for the US. Corrections are inevitable, but the market is still bid, not offered and the easy money is in the now narrowing pt-au spread. So hang tough, hang tight gold is going up.