After Gold's meteoric rise last week, it needed to have a pull...

After Gold's meteoric rise last week, it needed to have a pull back and some consolidation, the price action we're seeing is completely normal and to be expected in my opinion.

I'd be very surprised if it went below $1200 for very long.

Next week, there'll be another bank on the verge of bankruptcy, or, some other cataclysmic event which will once again light a fire under Gold.

We're in a Gold bull market, there isn't going to be a shortage of bad news driving gold up over the next few years.

Although, I could be completely wrong and everyone should sell their physical and start stock oiling US Dollars, after all, Yellen's perfectly in control. (when she's not choking in press conferences).

Cheers
Ivan