re: Gold prices - continue to slip tomorrow?

I don't really have a strong opinion on what gold will do in 2017, but overall, gold prices actually seem surprisingly normal right now. I've taken the position for about 8 years that gold prices were way too high based on post-1971 CPI ratios, and were bound to fall below $1,000/oz. However, maybe with consumer price inflation picking up, it doesn't necessarily have to break below $1,000. If gold prices tumble in 2017, then it might become a decent hedge investment in 2018.