Most definitely many will get caught in 2017's gold plunge to $860/oz. 2016 will be known as the year of the trap for bullish pm investors as gold's capitulation is just around the corner. The price will hover between $800-$900 for a couple of years till production significantly decreases as a result. A gold bull market will form in 2019, anything before that is a trap!
Most important chart that confirms we are past the "mania stage" and nearing the "capitulation stage" for gold.
Gold's Bubble