important chart & commentary on gold, page-3

Woznot

I am not a great fan of the Mr.Squiggle brigade. In my eyes it's the fundamentals what drives the price up or down and this is especially the case for the POG.
So what are the fundamentals in 2013? If the quantitative easing continues in the world the POG should increase however in the minutes of the last meeting of the Fed several members are indicating that the US may slow or even drop the quatitative easing before the end of the year. On top of that if the crisis in Europe worsens and the European banks have to sell their gold stocks to stay afloat God only knows what is going to happen to the POG.
India's hunger for gold has eased due to higher import taxes and a sliding currency and China will buy as much gold as possible but will do that at the lowest price.
So when the glass is half empty and all the above occurs the POG could fall to around $900. Let's not forget that was the price only 3 yrs ago
Mate who knows and let me tell you I certainly don't