http://seekingalpha....tunity-for-gold
This guy Urban has been a friend for years, but I suspect he has something here independent of my admiration for his work.
Another good technical analysts I know, thinks gold eventually goes to 1100 and 1438, etc for sure. I am growing less sure that
another deep dip is likely - unless the bottom falls out (it could, but not likely), I feel EU events are a key driver of gold price levels.
Check Urban's annual forecast for 2012 for a flavor of his more general take on the markets.
Best, Islander. 
I find the quality of the posts staggeringly useless and ill informed and quite frankly should be censored or come with a serious risk warning.
The main driver behind the gold price is the real interest rate. The dollar rises in line with how that moves and gold inversely to it.
Gold needs a falling real interest rate, which means lower nominal rates and rising inflation rates.
The brutal action in this space has resulted from static to slightly up nominal rates and falling inflation, so the real rate has been rising with the dollah.
PMIs around the world are collapsing at a rapid pace, but to have a positive real rate inflation expectations need to rise, so eberyone is waiting for QE.
