So, where is the bottom?

Once again we ask 'have we hit the bottom of the correction?' We, of course, reject the idea of the MSM that gold's bull market is over. None of the forces (fundamental causes) that propelled gold has improved. Some got worse.

The graph is from "Casey Research" and shows the sizes and dates of the corrections in the gold bull market. The current correction is 12.5%, about average.

Gold is hovering around 1,600 and full hundreds tend to act as support and resistance. The US Dollar is above 80.2 and shows some tendency to stabilize.

Pundits defer as to where we are. Larry is most bearish, forecasting gold to fall to 1,200. Others (myself included) simply do not know. Larry's forecast for the low is February next year. Tempus fugit.