What has occurred is technical selling, once the lower trend of...

What has occurred is technical selling, once the lower trend of bearish triangle was broken it gave a target in the low $1200's.

Considering the speed it got to this point (current spot is $1235/oz) I would be expecting POG to regain the mid point of the Oct 2012 high and this low.

Gain imo we are almost there.

With regard to The Fed tapering bond purchases that wasn't a shock to trigger what we are seeing with Gold.