Back when the Indian festival was on there was a couple days when gold dipped below 700 an ounce it was because of that there was over 50 tonnes of gold sold that is astounding yet you didn't see the price of gold rebound to new highs.

Gold has been under incredible pressure with the hedge funds selling and traders liquidating to raise cash yet here we are still well over $700. It has actually performed well under these deflationary circumstances much better than most anything else certainly better than the other commodities.

If gold were to go to 600 an ounce can you imagine the buying frenzy that would happen around the world. The entire world knows what the governments are doing is inflationary especially in the US. Some say because there was so much money lost that inflation will not be what is expected that is laughable because yes the money has been lost but the debt incured hasn't.Many countries around the world use gold as an inflationary tool they don't have ways to save like we do so they buy gold at lower prices and when it goes high they sell its their way of saving.

There will be inflation it is unavoidable the printing of money has only begun one of the infrastructure engineers in the US was quoted as saying the US would have to spend 1.3 trillion on their infrastructure just to bring it to good condition Obama says he will spend on infrastructure it was one of the tools used to bring the US out of the great depression.

I would say the gold bull is alive and well infact it is about to go in overdrive any short term price decline will be met with unprecedented buying when the hedge funds are done selling and the dust settles the price of gold will likely hold well above 800 an ounce don't be fooled by a market that is not functioning properly, it will and some are predicting, the IMF in paticular, that in 6 months there will be a bull run in the market the fence sitters will be back and so will the speculators its greed my friend there is no stopping it so yes it is frustrating for now but it is also possibly the greatest opportunity of our time!