You must have misread me, in the "annual forecast" I suggested a cap on Gold in the $480/490 range (#msg-4929099), and earlier in December (12/8, #msg-4769107), I suggested a swoon to around $420 and expressed doubts that short term gold would go under $400.
How much might the $US bounce? Seems like 10% is entirely possible. If that happens, Gold should drop somewhat more, in the 20% area (the $US is up 1% from its low, and GOld has fallen 4% in the same period). If that seems like a lot, imagine the panic in the precious metals crowd when the $US rises from the grave and begins eating unsuspecting passersby.
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