Gee Allen I hope he is right but gold still struggling to tread water at $1,400. I say sideways at best still and an outside chance at $1,500 for 2013 as the U.S. buck and markets are starting to get a reality check on the Fed's possible paring of stimulus. A stop to or paring to QE could actually benefit gold as the imagined flight to safety the U.S. buck and markets could see a reversal back to gold but will be limited due to lack of inflation (key driver for us gold bugs).

2014 after tax loss season could see gold on the move again, but will have to see what influence the unstable European (largest group of consumer nations and biggest customer of China) economies will have on the impact of world markets. Buy producers ignore explorers. BIDS closed .72 down here.