These perma bulls just keep increasing their estimates day after day as gold weakens. Realistically you could expect 1900 to 2300 within 12 months and I would expect a big drop from 2300 to around 1800 to 1900 at least. Listen to Grandich for realistic forecasts. He is saying we should reach 1900 sometime in 2013. Central banks will hold gold down below 1700 to 1800 as long as they can and they usually succeed. Right now the limit is 1600 to 1630. I switched over to uym and fte on Thursday with some very large investments so I don't miss any more market rallies and I was up about 5% on each investment on Friday as gold stocks were basically flat. Uym gives me about 14% copper and gold exposure. The inverse of it is SMN when UYM peaks out.