While this is an interesting view, it is worth noting that (at least as I understand) Bo Polny, an analyst that Jim Sinclair appears to believe to have been pretty darned accurate, has indicated that the bottom is already in for gold. Of course, all analysts have the right/option to adjust their forecasts based on new information, but I just thought it is worth noting that despite what this analyst, and possibly Gary Savage are saying, there are others with very good track records that are saying gold has bottomed. Bottom line: in the end, everyone needs to do their own analysis and not rely on others. Follow the indicators or analysts that have worked for YOU over the years and don't get distracted by the hundreds of additional pundits who may cause you to question that which has made you successful in the past. It is so easy to listen to new "voices" when times are confusing over the short term. I speak from experience.