When this sentiment-driven rally finally comes to an end, the pullback we are going to see is going to be aggressive.
Certainly commodities seem to be the flavor of the month at the moment and the funds have continued to buy.
The market has been sitting very long for some time and as such it expects to see some profit-taking.
People are still having worries about the economy and inflation. They still feel they want to have gold.
...look at the percentage of reserves held by central banks in gold. It always has had an important role to play in their reserve asset management.
Gold is starting to feel heavy again; there aren't that many more buyers out there.
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