Another year has come to an end, and another 12-month stretch of frantic commodity trading can go in the books.

Mining executives met this week in a MINExpo convention in Las Vegas and the talk was mostly bullish. They heard Newmont Mining (NYSE:NEM) CEO Richard O’Brien say that gold is presently trading more like a currency than a commodity. But analyst Przemyslaw Radomski differes.

Back in April my firm was a bit presumptuous, believing the gold stocks would soon bottom.