The gold markets pulled back on Friday as traders preferred to enter the weekend “flat” ahead of any potential G20 announcements. The market has certainly broken out over the last two weeks, so we welcome this pullback as an opportunity to buy more gold at lower levels. The “buy on the dips” strategy is still on in this market, and unless $1,700 gives way as support, we don’t see that changing anytime soon. We don’t sell gold – the trend is far too strong to the upside for that.
