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<p>[QUOTE=&quot;JimOfOakCreek, post: 2339847, member: 33870&quot;]The strength of the dollar vs other currencies will determine the direction of gold. The dollar has been weakening recently, hence the rise in gold.</p><p><br /></p><p>Dollar weakness is temporary IMHO. It&#039;s a technical correction not fundamental.&nbsp; The rest of the world is doing worse than the US.&nbsp; The Yuan, Yen, Euro will continue to weaken further vs dollar. Cheap oil will also support the dollar.</p><p><br /></p><p>As the dollar regains strength gold will drop. </p><p><br /></p><p>When will the dollar regain strength? If the next jobs report is strong that will likely be the catalyst. </p><p><br /></p><p>My prediction is gold will peak to around $1250 in the next month. After a strong jobs report in March it will drop to $1100 fairly fast.[/QUOTE]</p><p><br /></p>

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