I listed 13 reasons here the other day why gold will decline, and challenged any goldbug to list reasons why gold will rise.
So far there's 2:
A bank might fail.
A black swan event
lol
There's no interest in gold, the GDX, GDXJ and HUI are all very close to multi-year lows, the GDXJ is a hair's-breadth from its lowest low ever.