Gold down almost 10% since TopHat's breathless rant. I'm guessing he makes wild predictions, switches to another handle when they don't come true, and eventually pure chance will make him right at which point we'll hear no end about what a great market sage he is.
He was just way early. I do believe that gold can resurface next year as the anti-equities trade. It used to be what the VIX is now. And if trouble comes with inflation through fiscal policy, it will be a doozy. But heck, it's Christmas. He needs to stop reading the gold bugs websites.
And if not next year the year after. Or the year after that. Or... There is no too early in trading. You put a trade on or you flap your gums.
I don't think it's going to make any major moves up any time soon. Generally speaking, it moves against the dollar and the DOW. The dollar is making multi year highs against the Euro and it's not going to change anytime soon. The Euro and the Yen are in trouble. The DOW is at an all time high but if it goes down it will just be a correction, profit taking. Not a black swan. I bet it goes below 1k before it goes higher. Long term of course. I wonder what gold production levels are like worldwide?