Some people rode gold all the way down from $1800. Is it that hard to admit that some boats can be missed? I don't think this is a stretch of imagination. Does anyone here think gold will reach all time highs again? For example
That ride is similar to what bitcoin did since september :-) grossly 1/3 of the exchange rate down, if you take the 1800 versus 1200 for gold now, and the 470 (September) to 350 (now) of bitcoin.
I don't think it is a blight on bitcoin or gold, more a result of money running into stocks and the USD rising.
Will gold go to ATH's? I think while there is global QE, no. The US have stopped but the BoJ has picked up the baton. When the BoJ's printing runs out of steam I think the ECB will announce more straight forward QE (Draghi's words still have the desired effect & their current method is sneaky QE).
If, however, confidence in the policy nosedives or some geo-pol events explodes, then hello Gold / Bitcoin spike.