Hi BT, Anything is possible I guess...but my guess would be for a a reasonably large equities rally in January leaving Gold bouncing between 330 and 350. Remember that what is being referred to is the shiny stuff not the holes in the ground. Once we have collected enough of the shiny stuff...what will we do with it? Hold on to it?...probably the wisest move. But we won't, it will be traded and as more drifts back into the market the price responds accordingly. Not saying that it won't continue to climb but the enthusiasm to jump on board is likes kids being let loose in a lolly shop. There will be collateral damage before the hunger is satisfied I feel.
I think I might be hanging on to my sovereigns for a while yet (maybe hock the fiances jewellery though! lol )
