timber, there's a FOMC meeting next week and a possible announcement for an Operation Twist (qe4) replacement could be on the cards. OT runs it's course end December.
More stimulus POG goes up.
I believe that the fiscal squabble could be a major driver for the POG next year. Maybe next month congress will vote to put off the 'decision' until the end of March but that won't take any of the viciousness out of the political brawl between November 9th and then.
I just can't see any justification for $5k gold next year but I could see a real spike in the first Quarter: certainly >$2k.
On the negative side the EZ problems will continue unabated next year and should the Greece problem come to the boil the euro will get murdered, the USD will increase due to it's "safe haven status" and the POG will drop.
At a wild stretch I could see maybe $2.500 Q1 '14.
We must be pragmatic and not have too many stars in our eyes.
