The catalyst for gold in 2011 will be the new chinese gold ETF that cnbc announced this morning has already signed up a million accounts for it , once the chinese start buying I think gold will approach $1500 early in 2011.
because hedge fund managers have to show that they made some money this year or no one will give them money next year to invest.
Fund managers will buy Gold in the last 2 weeks.It's called window dressing and they want to show that they owned winners.
Why would anyone with large capital gain in GLD sell before the end of the year and have to pay up in April? It would be smarter to wait til early in January and have 16 months before taxes due.