Fen:

Click on the link below. In upper left, find "Updated Data." Click on "Seasonal Charts." Then find and click on "Gold." You'll see the historic annual behavior of gold prices.

http://www.futuresbuzz.com/

POG has taken a dive in November essentially without fail for the past 29 years. One reason seems to be the end of the traditional buying season in India. That's a "fundamental." I expect there are also some technical reasons; it does seem like a correction is due. (Right, chart-followers?)

Nothing to worry about, imho. Long term fundamentals are as strong as ever--i.e., the problems you mention with the Euro, Bernanke's six hundred bil, etc. etc.

Lope