Thinking out loud... I like to listen to different voices. One of them is Puplava. He had a guest on his show today who's cycles analysis tells him that gold will continue in its consolidation phase until May, when he sees it bottoming. He also sees gold going well into the the 1500s, which is not what we like to hear, but that can't be the determining factor.
The low calls have almost invariably not come to pass, so maybe this one won't either, but I don't think we can just blame everything on manipulation either. So $1530 gold is not impossible. How likely? No idea.
The question is what will BTO do until then. It is very possible that much of the decline is priced in already. Then again, oversold condtions can always become even more oversold.
So, maybe if gold doesn't turn around next week and reclaim the mid 1600 range, maybe it would be prudent to lighten up just a tad. Maybe 20% of the position?
Just thinking out loud. Everyone makes their own adult decisions.
If gold does indeed go towards $1530, it would not be surprising to see BTO go to $3 again and maybe lower.