march quarterly - moving forward, page-10

It's possible gold could correct with the markets as it did during the gfc, however;

The GFC was a real shock to most of us at the time. We went from boom times for most countries with inflation everywhere to suddenly facing a global deppression. Massive deflation became a big possibility so gold went down with everything else. If we get another big stock correction it might surprise a few but certainly won't shock too many considering how weak the world economy still is. There is also plenty of talk of a larger correction being on the cards on valuation grounds. We also now have the larger govts showing they are willing to print big time to avoid deflation. I think any stronger correction for markets will be more about profit taking after years of strong gains, mainly on valuation grounds and this should not drag gold down at all. In fact it would probably push gold and gold stocks higher as the money rotates to underperforming sectors.