"John Hathaway’s 9 key points sent to KWN:
Brief comments on recent market action and outlook for precious metals:
"1.The recent sharp decline appears to have been another test of the December low of $1532/oz intraday. Gold fell to $1675 on March 9th from $1788 including a drop of $72 on February 29th. So far, the downside was contained near the 200 day moving average. From a purely technical standpoint, the uptrend in gold seems intact.
"2. Still, we may see another test to shake out weak hands in the next month or so..."
Click over for teh remaining seven. But point two looks like it could be occuring now with gold getting hit today for almost $20 and platinum finally overcoming the yellow metal.