The quote I prefer when discussing Gold price charts has to be the following one. There is probably some level of posturing in price moves, since banks are likely positioning for the bubble phase. My position on that is the bubble phase has already occurred during the One Wave extension.

"I continue to think this is a high stakes game where big money insiders are trying to lower the starting point before the bubble phase of the gold bull begins. As I've noted before if one can artificially lower the beginning of the bubble phase to let's say $1000 instead of where it naturally occurred last summer at $1550, then the profit potential once the bubble phase begins is dramatically magnified."

http://www.safehaven.com/article/31116/damaged-weekly-charts