normal correction: but

June 2006 to November 2006 - Gold fell from $US 722 to $US 562 - Down $US 160 or 22.2 percent
April 2008 to November 2008 - Gold fell from $US 1005 to $US 705 - Down $US 300 or 29.9 percent
August 2011 to April 2013 - Gold has fallen from $US 1892 to $US 1501 - Down $US 391 or 20.7 percent

So what is the big deal, good time to buy more if you can get it near spot but pretty sure you wont be able to.

I have a theory that when this paper market captitulates the official market will be closed and will be a set price. Real gold will be part of a swap type unnoficial market