Yeah if 4.13 is the new top then that means gold isnt correcting but headed down and forming a new base well below where we are today. I dont think most of us believe gold wont be going higher. As soon as gold resumes its upward trend 4.13 will be a thing of the past. whether the correction begins this year or next it is hard to imagine it not happening.

I think most of us remain invested in SGR because of all the noise out there about the US dollar. Some would have us believe that the US can print money with impunity as long as they need to and that gold is overvalued. maybe they are right, but with history as our guide would suggest otherwise, gold is the ulitmate currency. The US is in decline, we live in a fast paced world, before it would have taken centuries but not anymore. I do not think we are descending into chaos because as Jay Taylor said a better investment would be food and none of us win in that case. China is the emerging superpower and nothing will stop that, it is the natural order of things. The US dollar will have it ups and downs but ultimately will succomb with gold as a beneficiary.

Really it is a question of timing, this is the tricky part if the gold correctoin lasts a year or more then your statement is correct. Otherwise and this is where my money is, the correction will be over sooner and not later.