variables forcing gold lower

1 India is reducing imports because its causing their currency to depreciate and causing inflation. It's also increased indias current account deficit.
Gold is an inflation creator for India not an inflation hedge, rather bizar dont you think.

http://online.wsj.com/article/SB10001424127887324624404578255393384149804.html

2 Gold has been over stated as an inflation hedge which could be handled better by currency trading.

3 The price of gold has risen too high which makes it a larger risk as an inflation hedge.

4 The financial stimulus for the US finished last year which was the main driver for gold.

5 The price has over heated due to misinformation and feral traders talking up the market.

6 The gold price is volatile and has wild swings which is not good for end users and makes gold a risky assets.

7 Manny banks are selling gold which will flood the market.

8 The world is in recession and possibly facing a depression which is highly deflationary.

9 Similar circumstance caused the gold price crash in 1987.

10 In 2008 gold fell back to $750oz which must be taken as the floor price before bears enter the market.

11. Most of the gold price movement occured when China experienced high inflation. Chinas inflation bubble seems to be a big driver. Now China is in recession.