Gold has been trading sideways for a few months now and has drifted down from its $1900 high. For me this is a buying opportunity. Gold is having a rest after a phenomenal bull run lasting over a decade. Don’t forget it is one of the few forms of REAL money – everything else is paper promises.
The Eurozone crisis has not gone away and neither has the banking crisis. All this is bad news for fiat money and the financial instititions who create it and trade from it.
Bottom line? Gold is a buy for me.