Couple of moths ago BLK was 0.45 and then without any profit it shoot up 3 times and nobody complained. And now you are crying that there is no fundamental reason to be at 0.75??? Try 0.60 on Friday.
A lot of people need to burn now, that's how correction happens. You need sellers to subside. Week hands to go bankrupt. This is normal counter trend correction.
Greed lured in new money at 1.00+ and now they leave and their lost money will be kept for future fuel for a new rally once gold finds bottom.
But if gold price goes to 1200 everybody will be awaiting gold going lower forever, goldies will be worth 0 fundamentally.
