$1000?
dunno
the price of gold will keep falling as long as the market thinks the Fed will stop all that money printing
the Fed currently prints $85B a month to buy USG debt and mortgage bonds
that devalues the US dollar so investors used gold as a hedge
if the Fed reduces asset purchases the US dollar will strengthen and there will be less need for hedging
there's an ongoing bet (long USD) the Fed will reduce asset purchases soon coz the US economy is improving
the bet is so popular right now everybody and their grandmother are in it
but what if the jobs report on friday isnt good? the Fed can't reduce asset purchases. those long USD positions will be liquidated and everybody will buy gold
hard to predict dude