GOLDBUGS AMEX Goldbugs Index (GOLD)

[Sparks111111]

So let me get this straight,

QE3 - gold down
Start of taper - gold down
End of QE - gold down

Russia - gold down
Gaza strip - gold down

Bad economic numbers - gold goes up for an hour then crashes again
Economic numbers beats by 0.001% - gold down and USD rockets up

Question - Is there any news or economics that can make gold go up anymore? because the more I look at this, the more I start to realize that gold was a bubble and it's been slowly popping, I guess we're headed for a 50% retrace, fib style? $900/oz?

If no news can make it go up, then it's going all the way down no matter what...?

I don't understand at all what can make gold go up anymore.