Have you been reading too much Michael Pascoe tigmaster? :-) He's a massive gold bear for Fairfax, never misses the chance to stick the boot in when gold retraces, despite the fact its due to option expiry. The fundamentals for gold are still there, this is just an accumulation stage, like January to March.
I'm yet to be shown a convincing case to get out of gold, but am happy to listen if someone wants to make a case...
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