if that was a gold boom what a waste of time.., page-21

The gold bull run is not, I repeat NOT over.

If one looks at tne bull run in gold from the 60's through 80 there was a correction from the high of Dec 1974 that took gold down a whopping 48%.

If this decline reaches a similar magnitude off the 2011 high we are looking at a test of 1K.
The target as I have repeated many times over from a break of the descending triangle, which of course broke Friday, is 1100.
Gold stocks have lower targets some still 20,30 and 40% lower than current levels.

So a duplication of the 74-75 decline has to be respected.

My target for an eventual bottom remains third week of May.

I apologise if I confused some calling for a reversal here. i am only looking for a short term oversold rally and then a decline to new lows.
This decline s not over BUT we are entering the final phase of the total decline from the 2011 high.

Gold stocks are going to be the leader and the signal and I stand ready to BUY gold stocks with both hands when they show the necessary signals that they have bottom.
Again I expect that to be ahead of a gold bottom.

Cheer