What is going on with Gold?

This is from Kitco.com

For Pete's Sake wrote this article:

Although a bounce is certainly in the cards, as a trader I see no urgent reason to cover shorts from the $1,588 level and the $29.20 range in silver. Both gold and silver are within a hair of trading at their 2012 lows. I would look to flatten out at the $1,530 level for gold, with the silver target at $26.30. These levels must hold or further serious damage will occur, especially to gold, which may see a test of the $1,470 level

To Read More go to
http://www.kitco.com/ind/Hug/20130404.html

With Cyprus and the recent European-contagion flair-up, as well as growing concerns about North Korea, what's in store for the gold market? Well... Daniela Cambone is back! Daniela caught up with Peter Hug for this latest edition of "For Pete's Sake!" to discuss the "fresh fundamentals" seen in the gold market and hear his take on the resurgent European debt crisis

To watch more on a video go here
http://www.kitco.com/news/video/show/For-Petes-Sake