Ronbo,
Talking heads are projecting a $ 1,500.00 target for Gold. As long as the USD continues to weaken and ol Yeller backs off any rate hike, it could easily spike to this level.
The fundies have been rushing into this trade with both hands.
I remember when silver fell. My manager had bot a couple of 10 oz bars, expecting it to soar to $ 100.00. After it collapsed, he used one for a paperweight and one for a door stopper! HA!
Good luck!!