Dont sweat it, you will make money in gold shares if gold goes to $600 and oil goes to $20, all you need is a profit margin for banks to finance an operation

"But Newsom thinks that somewhere in the $600s is the true support level for gold at this point.

"In the grand scheme of things gold has lost less than, say, the crude oil market," he says. "Maybe it is in a way recapturing its old role of the geopolitical hedge in times of turmoil, just not to the degree to provide it a lot of support this time.""