Wow, hope you are hedging! Sell puts or something...
I agree that gold should remain under pressure, but I think a 20% decline is unlikely in the next two-and-a-half weeks.
One of the reasons for all of the pressure on gold is the dollar's strength vs. the euro. That coupled with the Fed shying away from more quantitative easing (points to stronger U.S. economy). That being said, I feel that these factors are already "baked in the cake", meaning: gold prices have already adjusted. The market is extremely efficient at discounting news as it is known.
I think year-end we will still be above 1500.
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