Peter Schiff had this theory that gold will spike if Bernie wins the caucuses or the nomination (he's going to win NH). He will have a 50/50 shot at winning the November election and Schiff thinks this will spook markets to the benefit of gold.

I have bought more physical gold last night locking in the current price from my dealer with a 1% premium (Krugerrands, their choice). So i guess i'm prepared for the worst.

Gold itself is holding above 1550 so looks like its ready to test 1600 again. We'll have to wait and see what happens.