He's not the first to make this type of prediction and be proven wrong, so tread with caution. The price of gold (and conversely the primacy of the US dollar) has been tightly managed for years. Any threats to this order are considered acts of war (eg. Iraq, Libya). Either a non-US player is feeling lucky, or the Western banks are set to reverse their positions and let the market rocket to act as a counterbalance to a failing leveraged asset market. The recent paper short assault may suggest the latter. Barring these scenarios, we're in for another non-event. Remains to be seen. If you're a trader, be careful. If you're a stacker, sit tight. Prices are low, so not a bad time to accumulate regardless.