short term hedge fund liquidating and taking profit out of the table. since it is the end of third quarter, to be able to present to clients with a better Q-profit number. Gold will probably hit to 1800 USD/ounce by the end of this year due to the euro crisis, china soft landing...

buying (I AM) when it comes back... people are saying we are experiencing gold bubble but I feel we are far from there. BUT ONLY TIME PROVES.

also, might take a look at silver + copper. especially copper, price slumps dramatically but probably with short term rally due to not too bad global manufacturing activities like better than expected US and Europe PMI