In my personal opinion im very concerned about state bailouts in 2010 and commercial real estate oncoming collapse that is inevitably going to occur, when this happens credit will GREATLY contract once again, probably even more than in 2008. The dollar might *temporarly* gain a tremendous amount of value from the short term panic demand and the massive short covering from reduced market liquidity. If this happens i see a major correction in gold. Does anyone agree with this opinion? I'm currently a GDX long and will probably hold it until gold is around 1300 and then try to buy more on a significant pullback of around a few hundred dollars.