De Opinionibus Non Est Disputandum

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``Gold made its run, and now it's stalled,'' said Ron Goodis, a futures-trading director at Equidex Brokerage Group Inc. in Closter, New Jersey. ``I don't see a reason to be in gold. A bull market has to be spoon-fed news every day, and the risk appetite just isn't there for gold. Gold may go to sleep for a couple of months.''

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``We expected a bigger rally in gold on crude oil and the euro,'' said Nick Ruggiero a trader at Eagle Futures Inc. in New York. ``There are fewer investors in commodities now. We still haven't seen that momentum come back to gold.''

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"I'd expect gold to be trading much higher as now not only do we have price inflation here in the U.S., but we are now importing it at a rapid rate from China and other trade partners," said Zachary Oxman, senior trader at Wisdom Financial. Traders seemed "hesitant to take long side positions today," Oxman said. "With the dollar and stock market weak, I'd have expected to see a bigger buy into gold."

Not everyone agrees, however:

"The $930-mark has proved a hard nut to convincingly crack in the past few days, but I think gold is in for a fresh push higher," said David Thurtell, metals analyst at BNP Paribas. "U.S. consumer sentiment data was extremely weak, and the possibility is that the euro can touch $1.60 next week, dragging gold higher," he added." (Keyword: "dragging")

Opinions are just that. But. We really need gold to take the lead here and show that given the current set of circumstances it warrants a higher premium. How likely this is, as far as the short-term is concerned, remains elusive.