It is almost certain that the price of gold will do one of two things next year. It will either go up or it will go down. There is a slight possibility that it will stay exactly the same.
Anyone who tells you that they know what the price of gold will be at the end of next year (or next month or next week) is lying. If I knew which way it would go I would be a billionaire by the end of the year.
LMAO!!
It became very obvious when gold reached it's peak that there was every intention to drive it down to $1,200.00/oz., that intent was telegraphed by numerous authorities with the ability to move the needle in a significant way. And, that is pretty much where it's hovering today. I said this numerous times on FR to mostly deaf ears, sell.
Of course, that was not a prediction on my part, it was observation of a statement of intent with some weight behind it. People just fall in love with gold and start rationalizing away any threat to the value of it.
Falling in love with an investment is never a good idea.