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Message:: [QUOTE="desertgem, post: 1244951, member: 15199"]Because more people wanted to sell than to buy at that price. Why that happened is the question. I think that long term ( 6mo. to several years is bullish, but that doesn't mean it won't correct several times along the way. Us stocks are starting to look much safer than world stocks, and a prolonged rally could suck the money out of gold into stocks. The problem I would fear is that Paulson's hedge fund which has billions in GLD is doing horribly ( except in GLD) so some are thinking that if gold starts to drop, he will unload, because if his GLD goes down, he is in a solvency problem. If he unloads several billion in GLD, it will be a very quick drop. Also, the USD is holding fairly well, the foreign banks and Euro countries will be touch and go for several years. But then again gold may go to $2500 if world and domestic events turn badly. I think it is a cautionary time. One could sell gold now and either hold cash for a few weeks/month to see where it is going, or buy some oversold large multinational stocks for some percentages, and then get back into gold if it holds resistances well. Or buy more now and hold hoping it does go to 2500 by December 31, which is to me a riskier proposal at this time.[/QUOTE]