We are strong supporters of the Gold story. However, like all assets it never goes up in a simple straight line. We predict that Gold will end 2012 much higher than where it currently is.
However, in 2012 it will likely go lower, perhaps much lower than where it is now, by as much as 20%-30% . However, timing this move will be near on impossible so, don’t think that if you’re buying Gold now you’re missing out. You’re not, as you should always be looking at Gold as a medium to long term hold. Trying to time interday moves makes for a difficult investment strategy.