Gold is "correcting" today. Looks like GOLD needs to pull back a little into the bottoming range again… remember, most miners need 1K as a minimum before shutting in with today’s production rate and expenses calculated in.
Let’s see if support holds here. Right now currency is not the problem, but I could see buying something else like real estate instead of gold as a hedge – some parts of the USA and Europe are still relatively inexpensive. The money going out is going somewhere... maybe cash for a possible overall market crash? After all... It is a little frothy, but not deeply overbought. Let's not forget seasonality... which should pick up a bit before it's followed by the summer blues.
Or maybe the major gold holders (controllers) are up to their old tricks... again.
GWH