This tends to occur on breakouts when buying emerges on ideas that gold will be even more expensive down the road, Sanchez explained.
FORBES: Gold Entering Seasonally Strong Period; Physical Demand Anticipated On Price Dips
Ideas that the gold market has reached a good value area have others suggesting a price rebound.
FORBES: Gold Survey: Split Views On Gold Price Direction Seen In Gold Survey
And Dr Gold continued to pour out ideas over the years, some of which turned out to be correct and some not.
Gold rallied sharply last week on ideas monetary easing was coming from the ECB, so the market could retreat if participants deem the action insufficient.
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The gold and silver markets popped higher immediately following the GDP report, on ideas the weak data will prompt the Federal Reserve to adhere to is very easy money policies presently in place.
FORBES: A.M. Kitco Metals Roundup: Gold Pops Higher Following U.S. GDP Contraction; FOMC Awaited
The good news for Burnett is that those ideas, from reality-TV shows to online challenges like "Gold Rush, " often please the masses as well.
Several analysts said the stronger jobs figures reinvigorated ideas that the Fed might end quantitative easing earlier, which is why gold fell right after the data.
FORBES: METALS OUTLOOK: Consolidation Possible For Gold Next Week
The gold is in figuring out new ways, products and such from combining two or more existing ideas.
Survey participants who see higher prices next week said given the hefty losses the gold market has experienced over the past trading week, the market could see a small rebound on the ideas prices had fallen too far, too fast.
FORBES: Gold Survey: Survey Participants See Higher Gold Prices Next Week
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