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<p>[QUOTE=&quot;Juan Blanco, post: 1572988, member: 41665&quot;]Are we reading different OPs? &quot;We&#039;re heading for December and gold seems to be stuck in low&quot; and &quot;the Fiscal Cliff&quot; (1Q 2013) refers to the imminent future, the very short term ahead: <u>within the next 1-4 months</u>. Unless someone foresees <i>significantly </i>higher inflation or deteriorating MENA events <i>within that time frame</i>, POG over the next 12 years isn&#039;t really to the point. (And I&#039;m bullish on Gold longer term, too.) </p><p><br /></p><p>Let&#039;s keep it simple: <b>where will Gold be (~$) on December 31, 2012?</b> Or: what&#039;s the downside/volatility that PM investors ought to understand &amp; accept, at this point and over the next 1-2 years?</p><p><br /></p><p>Over <i>the last 6 years</i> (and excluding, the 2008 Crash, POG -29%!) I see an average decline of -12% in weeks- or months-long retracements. A moderate decline of that magnitude shouldn&#039;t freak anyone out, it&#039;s just another BUYING OPPORTUNITY. </p><p><br /></p><p>From POG USD$ 1791.75, this discounted gold TARGET ahead is <b>~USD$ 1,573</b>. or lower. Dip-buyers look for that price-range ($1560 - 1575) but not necessarily on 12/31/12.[/QUOTE]</p><p><br /></p>

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