The gold bears are out today as the aired 2010 predictions are being issued by talking heads.
Some pro-gold stars like Mark Faber and Jim Rogers are being interviewed every day and are predicting a dollar rally. That is scary to those that have followed them and is making them emotional.
This is the end of the year and there isn’t a market for much right now. There is profit taking on gold spreads as taxes on commodity trades as regular income are anticipated to rise meaningfully in the near future.
The ease in the US dollar is being considered as yearend as most predictors are friendly to the dollar short term.
In the grand scheme of things this period is quintessence in its meaningless nature. Stay the course.
Following are the gold-predictions from Jim Rogers, Marc Faber, and Nouriel Roubini: