Gold Hits $1,500, Are Equities Still Good?

Gold hit $1,500 yesterday, April 19th, 2011, in response to Standard and Poor's lowering the outlook of the United States' debt to negative. In addition, the uncertainty around the value of the dollar caused investors to flee towards Gold. Gold has had a strong run this year, rising from levels of $1,100 to $1,500, representing a 30% return. Gold is a good hedge but I feel this......