current gold price still above 5yr trend

Hey Guys

Been watching the discussions about GOLD price, some very well researched posts and financial interpretation to defend different point of views.

From what I can see, the long term trend and economic fundamentals for the price of gold are still excellent. Even if we have another $US30-50 drop in the price of gold from its current price today, we will still be on the long term trend.

We saw three points in the last six months where the price of gold accelerated well above the long term trend, due to a flight to safety by Central Banks, Hedge Funds and Sovereign Funds.

Historically, whenever we have seen large intervention measures by Central Banks and Govts in the global economy, we have seen the same flight to safe assets such as gold.

Don't let this short term correction back towards the long term trend for the price of gold scare you.

The continued stimulus measures by Central Banks and Govts will ensure demand for the yellow metal continues to grow for a long time.....

I don't have any exposure to GOLD 79 au, but to gold explorers/developers on the ASX.

As such I currently have no GOLD held but very bullish on the yellow metal and the suppliers of gold.

Cheers Nectar