How high do you think gold will go in 2010 and 2011?

[idiotstockinvestor]

Gold set a new high of $1376.70 USD/ounce today.
I've read predictions of $1500 sometime in 2011 and also heard speculation that if the global recovery gets better next year, then gold will slow down.

I guess the real answer is how will the economy behave during this time and how will the currency wars play out?

[idiotstockinvestor]

I haven't followed Gold for very long but it seems like Gold vs Stocks are at war with each other. Some days gold rises like $20-$30 at ounce and other days at falls nearly as much.

It seems some of the elite investors can't make up their minds if the economy will recover or crash, and/or there are some gold profit takers who bought in months or years ago.

What do you think is happening?