AJ, Menta has no more idea than you, or I, or anyone else!
Menta hasn't got a crystal ball, and has no way of predicting world events, how they would play out, and how they would affect gold. If he would put some thought into it and list the factors he thinks could affect gold, then his last post might be worth something. But he doesn't, he just makes a simple worthless statement.
Fact is, anything could happen. The Swiss vote on Nov.30 to decide if their CB should purchase $billions of gold would see Switzerland and China competing for large amounts of gold in a market which would dry up quickly. Draw your own conclusions on what effect that could have on the price.
A "black swan" event could precipitate bank failure contagion. I wouldn't discount it, because there are banks out there which are just hanging on. There is a major problem with USA and European banks which can't pass "stress tests" and the rules are again being bent for them. Gold will be a winner in this event.
the economic soothsayers have know way of knowing how gold will perform.
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