down $32 today and getting ready to test $1600...

i've been long on gold since 03' and have to say i've never been more confused. a month or two ago i would have said "sell gold" or stay away for the short term but my overall long term outlook is turning back to bullish. may be getting time to buy again.

globally, the selloff we're seeing does'nt make much sense to me. china continues to ramp up gold purchases (and everyone see's the direction that is taking). the EU is quickly turning to a "Tax and spend" mentality. the only thing i see is a strengthening dollar and slow US recovery, but globally, the long term outlook for gold should be strong.

dwindling supply, increased demand, rumors of "gold standards", china ramping up militarily, certain inflation on the horizon...

any thoughts?