Dennis Gartman is right in saying that gold can drop to 1475-1525 an ounce but that would not nearly mark the end of a gold bull that has lasted nearly 10 years.

That would simply be a healthy correction and gold should probably drop further to really be considered healthy.

The long term (6 year) trend line is somewhere between 900 and 1200 per ounce depending on how you draw it and in the world of TA you'd hear good arguments for both sides.

Any flight to liquidity will hit commodities first and if a single European bank goes the way of the condor, $1,200 gold is likely ... that is why there has been no huge reaction to China's buying and they know and are taking advantage. I believe a long term gold trend will remain up. The next leg up will likely bring gold miners with it ... but you'll have to wait for it.

unfortunately at the moment there are macro issues that supercede any fundamentals at the moment.