Repeat of May 18 - 31 Consolidation before we continue up
I believe this healthy consolidation is necessary in order for gold to continue it's steady rally into new highs. China's higher then expected GDP growth and England's decision to not change rates are two catalysts which are keeping gold down. I am still of the opinion we are in the toddler stages of a gold super-bull market and gold will surpass $2000 USD a troy ounce in the coming years.