I agree with Peter on this one - gold is techinally fine, just consolidating. Most market sectors have had a great run - especially junior resource stocks. So they need a rest.

Right now, market is extremely overbought & sentiment is too bullish. So a correction should start in January. I suspect a correction in PMs will be deeper than most other sectors - the fate of high beta stocks.

Generally speaking, I think the stocks that have had the best run since August are the most vulnerable - but they'll be the best bargains when the correction bottoms. I still think the overall market is in great shape, and after a correction will have another leg up into May-June.