RE:interesting...I don't like predicting gold price but I am going to stick my neck out and say yes, more or less. The reason came in the news today that Q4 indicated a 4% supply contraction. Q3 had the first small decline in years, and in my view, about 7 years of increasing supply is the reason for the pullback in gold prices. If subsequent quarters confirm a steady decline due to all the capital cuts in the last 3 years, we should see a steady rise this year (assuming no crazy "fear events").
Here is the chart that says "bottom" to me:
