roger wiegand predicts gold and silver will go higher, and that the shares and metals will eventually get back in sync:

"I think $985 to $1,040 is as high as we’ll get for this quarter. You’re going to get a little selloff from around Thanksgiving until Christmas. Last year gold started up again right after Christmas on December 28th and that was two weeks early for January’s cycle. The normal next quarter rally would start from the 10th to the 15th of January, 2009. Now if the dollar and bonds really collapse, gold could go much higher.

For March, 2009 silver and April, 2009 gold—your two main precious metal months for trading futures—we’re looking for silver to be $26.50 and gold to be $1,290. I was a little higher on gold before this smash we had over the last couple of months, so we’re rising from a lower price. Instead of $1,300 or $1,400, I expect to see $1,290-$1,295 for the April, 2009 gold futures contract. For the March, 2009 silver contract, which is the big one, you might expect $30.71 with $26.50 probable. Keep in mind physical metal prices on futures and cash are different. Cash is today’s right-now-spot. Futures are the price traders have determined for a given month in advance for today.

You’ll often get a different market response from the shares. They are regularly in a rally run ahead of the futures. On the other hand, futures can rise ahead of the shares. When this occurs, they’re usually about two weeks out of sync in either direction; eventually matching each other."

http://seekingalpha.com/article/9899...