I tend to agree champ2003 .... if a pullback occurs it may only be to around $1210 or a tad lower - I think $1200 will hold.
That said, the inherent strength we are witnessing could power it right through $1240 and on to test the all time high.
The Chinese Central Bank must be ruing the day they did not load up on goal in tandem with the Indians when they bought up really big when gold was a touch over $1000 an oz (USD) - I think it was around $1050. China needs to significantly increase its gold reserves and wants to do so .... when the move is made it could be big ... or they may make a series of smaller accretive stealth forays into the gold market .... either way, it augurs well for the long term upward trend in the POG.
