It was shaping up to be a good week for gold and then came Friday and then overnight gold slumped to $954.60 much to my surprise when I woke up on Saturday morning. The challenge on US$1000 did not eventuate, if gold follows its previous seasonal paths it may well again fall to US$875's.
My thoughts were that this year would be different, that the runaway printing presses and gradual devaluation of the US$ against major currencies would push gold through US$1000. We have seen some swings in gold lately and this could well be another one but one should never discount seasonal patterns.
This chart on the gold eagle website illustrates gold falling away in June.
http://www.gold-eagle.com/goldcorner/seagold.html

LGL trade finished down 14cents on the previous week
IAU was up 1 cent
DOM was up 12 cents
ROL was up a 24.5 cents a massive 44%
Our markets don't open to Tuesday morning so we can see how our cousins travel overnight Monday but I think its time to go again and come back in September unless of course some geopolitical event comes into play.
Its quite possible we will have some bargins again with possibly a sub $2.50 LGL.
If there is no challenge of US$1000 within the next two weeks then gold will meander down to 875's and trade sidewards for the next few months.