RE:safehaven?Usually when a bit of chaos hits the market and it dips quickly, investors that use margin are put in a position whereby they have to raise cash fast. That means selling all assets types, and gold, as a store of value which as done quite well in recent months, is one of them. What you should see following this sort of selling is gold will consolidate at a lower level and after investors take care of their own business (Margins, assessing the market), gold will start to move up again as investors dedicate more of their allocation to "safe haven/hedge" positions in gold, and less riskier/over-valued plays.
It's part of the process - but having gold keep its main support level will be a big indication of where this goes in the short term. My hope is it holds the 50d Moving Average.
As for Alo, I hope they provide an update this week because there is very little demand. I bought another 12300 shared between $3.78 and $3.65 - obviously a bit premature, but will pay off. Let's see what next week brings.
B