Look at the three month chart. Three months ago gold was at $540 an ounce. It rose steadily and about 1 1/2 months ago it rocketed in less that two weeks from $650 to a high of $716. The recent fall is merely a correction. Again, look at the trend. As of this morning, it sits at $631. A year ago gold was $419. Five years ago it was at $265.
How can a guaranteed store of wealth have a correction?