Gold is still on a bullish path because there are more buyers than seller and central banks are now buyers

As the world looks to “reflate” their economies, fiat currencies (dollar, euro etc) are being deliberately devalued by governments worldwide as a way to get out from massive debt burdens that were run up during the "credit bubble" and continue at ever higher levels with “stimulus” plans. The US very much wants and needs a weaker dollar and low interest rates as deficits and unemployment continue to soar. Fiat currencies will likely to continue to be aggressively devalued over the next decade - www.kerrcommoditieswatch.com