He was pretty close with his $ 1,650 target. Gold is way over sold right now and the holiday volume is light. I think a more realistic scenario is $1,750 gold then a fall to about 1,600 then up past $ 2,000. Jim Rickards is calling for a form of QE 3 targeted to Europe in the first Qt. Hard for gold to fall too much more with that coming. By the way, Rickards said there would be no QE earlier when everyone was calling for it. He was right. He seems to be connected to the insiders. Jim Willie is saying the selling is a shakeout from the bad guys to the good guys. In other words, this gold drubbing is a good thing and counter intuitive. Time will tell, but I'm a buyer of the physical again. It's been a while since I done that. I wouldn't mind if the metals drifted lower for a while. I loved it when silver was smashed to $ 8.00 from 20. I bought as much as I could.