SA article: Gold Hasn't Bottomed Yet, But It's CloseSA writer, Dave Dierking's article: "Gold Hasn't Bottomed Yet, But It's Close"
Summary
Gold prices have been in decline since early September, but any dips represent buying opportunities ahead of a significant move higher.
Gold prices have taken a break from their summer rally that saw the metal jump from around $1,280 to more than $1,550 an ounce.
Investors piled into gold during the summer but sentiment appears to be shifting in the other direction.
Full Article:
https://seekingalpha.com/article/4307279-gold-bottomed-yet-close My takeaways... "...the short-term selloff isn't quite over yet. The question now becomes how far does it still have to fall before it establishes a bottom? I think the answer is below $1,450, but probably closer to the $1,400 level. (When gold dropped from $1525 down to 1450 ish, Eldorado's shareprice has dropped over $2..how much more would it drop if Gold went to $1400...(How much more pain can we bear?)
"I believe the long-term trend in gold, however, is up. My near- to intermediate-term price target is $1,750."
Hang in there patient investors...