Well, if even the big fans (supporters/analysts) of gold will get somewhat concerned if it dips below $1,580, or $1,550, or whatever different numbers in the $1,500's are cited, and if we know the strength of those manipulating the market, shouldn't it be pretty easy for the manipulators to bring the price down, thus getting even the gold "fans" nervous.
That we all decide to stay in the game notwithstanding our "knowledge" of manipulation is interesting. Gold has gone way, way up, in spite of the manipulation (or perhaps being allowed to go up by the manipulators?). I don't know, this whole thing is a source of continued confusion to me.
I continue to believe that the underlying fundamentals for precious metals are good (of course, I could be wrong there), but I suppose as long as I do believe that to be the case, I will stay in the PM's and in stocks like AUMN that appear grossly undervalued, given my core beliefs on economic fundamentals which tell the story of currency destruction.