More important for the precious metals and their pricetrends during the first quarter of 2012 will be how gold and silver market price action fares during the first two weeks of the new year once all the market participants are fully back in the game.
If current trends hold and history repeats itself, the priceofgold will continue to move higher over the next year within an upward-trending price channel.
Current global financial and monetary trends suggest dynamic changes in economic fundamentals over the long run that are favorable for the priceofgold.