glori, i dont profess to know what gold will do but i believe the price of gold is directly related to "fear and uncertainty"......everything else is a symptom/.....

i've heard people say gold is tied to oil, interest rates/inflation, global debt, etc, etc....

while i think the interest rate/inflation argument has some merit, there's nothing i've seen that can be historically (and consistantly) tied to golds rise and fall other than periods of "uncertainty and fear"...when people start to question the future of global economic systems and civilization in general....they buy some gold for a hedge...

right now there's a lot of global uncertainty about the future....if that picture gets rosier (i think and hope it will) then gold will probably pull back imo....this might not happen for awhile.

the added fly in the ointment is interest rates/inflation in the US....we've held rates so low for so long here that there's a real possibility (imo) we could see some staggering rate increases (and corresponding inflation fears) in the future... this would jack up the price of golds imo...i guess the answer is, i dont know, which means uncertainty, which means buy gold......i guess