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I can't help thinking this is an overly simplistic view. It was the spot market that dragged things down today, not the futures.
Having said that, I think that most of the people buying gold are in it for the long haul. They're not buying it to sell it the next week. There's a lull in buying right now, so markets are down a bit. But when the buyers return there won't be much gold left to buy. Gold will go up.
