what ever....?, page-23

"gold is stll up at near record highs mate?" - Davo

The GP hit $990 in the middle of May this year. That's two months after the stock market bottomed out following the financial crisis.
Since March, the share market has rebounded (albeit a bear market rally) forging out new highs almost on a weekly basis.

On about the 18th of April, the gold price was just under $870. From there it started climbing to reach $990 at the end of May. By the 7th of July, the GP was back down to about $908 and it has been bouncing within this range ever since.

Currently the GP is retreating in response to a stronger greenback.

Investors who buy gold futures and/or shares need the GP to go through the $1000 barrier. Not just 'go through' it, but smash through it.
This would be the start of a primary advance towards $1100.

If this doesn't happen, investors will lose patience and commence selling their holdings.
This could be what you are now seeing in the gold sector.

Investors will dispose of the weak companies first.

Being "up near record highs" for the GP is not good enough.
The GP must continue to rise for gold shares to remain attractive.