The fundamental in 2010 will still the same. US has $14,000B debt now and in 2010 it will add another 3-4000B new debt. Annual 7-8% depreciation of dollar is the only way to make the debt controllable. Any strong words from Fed is just a smoke to cover the long trend. I expect gold will repeat the same increase in 2010 as 2009, to $1450, because fundamental doesn't change. Gold is a small market, with total world production of only $90B. Any contiuation of diversification from trillions of US dollar based assets world wide will keep and push POG stronger.