I think you are overstating your point being missed wombat53 - several people were posting about the 2011 downtrend being hit at the time. forged was one. v. there was one other who;s id i dont recall. i did.
as i said 2 weeks ago - i think people focusing on usd gold price are lookign at the wrong chart.
usd gold - now thats its priced where it is - direction is really more a symptom of currency crosses.
I would focus on the usdjpy chart - whither that goes USD gold will follow imo.
i do agree though the low risk place to be is in aud goldies if you are takign gold exposure.
i;d find it impossible to buy gold directly on trading market exposures myself at this point - the potential for big vol moves knocking you out would be pretty big vs the return
- which i think is precisely why the market makers call the shots on 24 hour gold moves as long as gold trend doesnt break
i would buy physical though. in fact im just about to.