Anyone had any idea why is the gold price started to drop significantly recently?

Believed that if read previous posts, think that gold will not drop so severe until 1200 per ounce... That will become a huge gap and many parties will start to gold rush again.

P/s, newbie here, pls shoot if wrong.

Thanks mr David. Seems like now is doing the correction on the gold price.

Nw thinking want to ready bullet for this or for stock? Buffet was right, one can't justify how long with the bear lives and stay, only time will tell.