When you zoom out on the silver chart it looks pretty insane, yet it looked pretty insane at the end of last year as well and it has since moved higher. At what point do the people with the most money look at the chart and say "this is insane" I wont try and guess, but i hope i will be able to take advantage of the correction or capitulation or what ever, which will occur eventually.
If i was an investor i would not buy gold here, i do not feel there is "true demand" for gold, unlike food, oil and iron, etc. But this is just my opinion, I know there are longer term traders reading and im not trying to say they are wrong, its just my thoughts.