I do believe gold has lots of legs, not least because $1000 doesn't mean what it used to. It'll likely take a breather, and then demand will reassert itself.

The Barrick reason is a good one - they have to buy back all of their hedges, wasn't it $3.5 billion worth? Of course, my guess is that they got the money ahead of time from their banks, before their PP was announced - so that they wouldn't get stuck signalling the market before they had to buy. I'd guess they already unwound a lot of their hedges - ditto Chinese buying - and those factors have already taken gold to $1000.