Gold prices still volatile

The price of gold is great but when you see large declines in one day its hard not to stop and wonder if there is a big retreat coming. I personally think we are headed over $1500 in the next few months. This is a market correction based on too strong too fast. It may hover around $1340 a few days before having another $30 jump in one day. Typically once a new level is broken there is pull back. This is very similar to any stock as it breaks a new 52 week high. Some investors bail and think the party is over and the stock back up and then builds strength again on a whole new group of investors going long.