Yikes Is This It For Gold

Almost forgot I started this blog, its been such a long time since I last posted I feared the blog might have been terminated.
Well after a run up to US$1260 gold has traded downwards for the past few weeks.
The critical support level at US$1185 gave way last night and the POG went sub US$1160 momentarily. There are a lot of gold bears/DOW bulls out there now calling the end of the golden run and its OK the worst is over for the stock market.
I just see the DOW going up and gold going down as a normal market movements in a bear equity market that is still to complete.
The world is still in a mess with overprinting of US dollars to escalate and the rotten apples of Europe to fall to the ground damaging much on the way.
Story is, right out of the market I exited last gold stock held (ADU) today not that I fear gold will collapse rather that there will be a better buying opportunity down the track.
There are still some seasonal factors to come into play in the POG although the run up to US$1260 could dispute that, gold will have its rest while the world is tricked again.
My belief in the rise of the POG has not changed but its time to get out for a while and have a rest from gold stocks.