MICHAEL BRUSH-MSN MONEY: Is the next stop for gold $3,000 — or $1,000?

With the precious metal seeing some weakness since posting an all-time high of more than $1,900 an ounce — though it rebounded Tuesday to about $1,800 — that’s the critical question for anyone who caught gold’s big run or who is wondering if it’s too late to get in.

Few investments bring out more passion than gold does. The folks known as gold bugs never seem to think the price is high enough, while their critics have been waiting since $1,000 for the bugs to get their comeuppance.

But for the rest of us, the challenge is figuring out whether gold’s move can go on. Analyzing that involves looking at the reasons gold has been on a tear, and whether they’ll continue to be in play.

A careful look tells me $3,000 could indeed be in gold’s future, making upcoming dips buying opportunities. Here’s why I think gold is headed higher after a correction that could send gold down to $1,600 or lower — and the best ways to buy in if you agree.

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