by Jim Rickards, Daily Reckoning:

continually remind gold investors, whether in bullion or mining shares, not to get too euphoric when gold rallies and not to get too depressed when the dollar price retreats. Gold is still the best form of money and proves valuable to investors over time. This is true whether inflation or deflation prevails.

The key for investors is to stay focused on the long-term attributes of gold and not get caught up in day-to-day price moves. The dollar price of gold is volatile. For example, gold’s down over $17 today. But that’s not significant.

There’s no reason why your investment outlook needs to be volatile too.