As many of you might be aware... I am a betting man. Gold has...

As many of you might be aware... I am a betting man. Gold has taken a hit recently... it is now at the most interesting point from a trading point of view [imo]. It has just violated the lower trendline of the trading channel... "so tell me punk... are you feeling lucky".  My guess is this is a buying opportunity... imo the fundamentals [funnymentals] are unchanged from weeks ago and the trend will reassert itself. Whether it rises again quickly to the upper trendline will depend upon bad headlines... but I think [imo x's 2] that at the very least the PoG will hug the lower trendline and rise from here.

I am reading that overnight bonds were giving a better return [meaning some risk on] so that does put some downward pressure on gold... but I have the view that gold has become something of a wild animal this year and needs to be treated as a standalone.