The future price of goldThis was a very interesting morning - I turned to Bloomberg's Commodity News which featured a summary of technical analysis of the gold market . Just google Bloomberg's Commodities News-To continue ( this the second time I've recorded this message on Stockhouse ) the original disappeared into the ether ! I predict that gold and silver will fall in this coming year -perhaps as much or more as 20% - The reason for this is because US business is getting stronger and this is also a pattern world wide - In view of this investors will be looking for blue chips and better investments than gold or silver - I didn't need Bloomberg to tell me this - all the signs can be read from the markets generally - I am reminded of Egyptian History and the rule of excess being broken with the building of Pyramids - the tendency of the Egyptians to commit evrything they had to this building without utility broke them as a society !- We have been building gold mines that have a very high cost per ounce of gold produced - everybody jumped on the bandwagon ! This next year will see some closures I suspect and with a lower prospect for the price of gold there will be less financial incentive to persue high cost per ounce gold mines ! One should always question the utility or the usefulness of a given commodity - If the commodity is hoarded as gold has been - that hoarding raises the price - but when the usefulness and the utility of that hoarding is examined and found " flawed " the price drops accordingly !