There was good fund buying coming in. There was a good technical component to this.
It is all fund liquidation, probably commodity-index related. This was a commodity flush-out.
Gold is taking its cue from the dollar.
There's a wider community investing in commodities. You're seeing a lot of investors shift into gold.
There was a lot of speculative buying to begin the year with and now those short-term players are taking a little bit of profit on the run-up.
