micromite - As you saysome analysts expected gold torebound soon.
"The long uptrend in gold has been marked by rather short butviolent corrections that bring fear and calls for a bear market to theforefront," said Peter Grandich, author of precious metals newsletter GrandichLetter.
"Gold is nearing a major bottom and the surprise will be how fastit heads back to $1,000 before year-end," he said.