“With gold prices continuing to be capped under $915 an ounce, I would look for the market to roll over and play bear,” Ralph Preston, a commodity analyst at Heritage West Futures Inc. in San Diego, said in an e-mail. “A close under $853 an ounce projects another move down towards $800 an ounce.”

“Any major further correction in gold will see solid buying -- and that if no correction occurs, Indian demand will pick up strongly in August/September,” John Reade, UBS AG’s head metals strategist in London, said today in a report.

Who knows. IMO we are eventually going up . I can wait.

r65