gold heading for $ 300, page-43

I think gold will drop but not in the matter that you described.

The new president will reduce US commitments to Iraq and Aghan. This initiative will reduce uncertainty in this particular foreign policy outcome and is negative for gold.

This follows a more domestic focus policy will allow the US economy to improve and strengthen the USD. Negative for gold.

Many firms that relied on leverage and off balance sheet manipulations have been rooted out. Easy money to build wealth has been taken out of the market. We should see firms going for more conservative approaches which would be better for the economy. The shock factor, failing companies, may be reducing day by day. Negative for gold.

There are many more factors but for the time being 3 is enough.