I tend to think yes, but could be some bias confirmation happening. This is a persuasive article for a pullback in us dollar gold. Just need the A$ to continue to strengthen or hold and there should be enough of a reaction to allow non holders to get into Oz gold stocks at a worthwhile discount? So his header points would be: 1/ Heavy short position gold from commercial traders (yawn) 2/Gold not confirming silvers short term higher high 3/ Same confluence of 1/ and 2/ back in Oct 2015 preceded a correction 4/ Volatility Index VIX has returned to complacent level 5/ He says gold ($US) has had its best quarter in 30 years, and says that this is atypical for start of a bull. But the charts he offers show the set up best. http://www.321gold.com/editorials/hegarty/hegarty032216.html
Hope so Ld, that should get a significant reaction. Lots of profit to protect, and i doubt that confidence in the new bull market is bullet-proof yet. Even a 50 or 60 A$ correction in gold should get a good few bailing out. Cue vulture gif.