Did someone say tulips? 
Ah, well, to be fair, precious metals isn't a bad addition to one's portfolio, as an inflation hedge. Should inflation suddenly skyrocket, you'll be able to maintain some of your current purchasing power.
But not knowing when and how much the inflation monster will rear its ugly head, I think it's best to just buy-and-hold.
As for speculations, one really do have to take commodity (gold bug) sites with a grain of salt, because they will always be bullish and claim massive rallies. Again, in fairness, sometimes there is some validity to the claims, and sometimes, there is not.
In this case though, it did not provide any proof other than a V on the chart. And to say, "This V means gold is going to double its asking price" seems, well, far-fetched....