Only reason gold's going lower is in your head. It's called bearish sentiment, and you'll make up reasons to justify your bias. I watch your comments, you were a big cheerleader when gold was topping, and had all the reasons why it HAD to go higher. Looks like you may well get whip sawed in at the top and out at the bottom due to your emotions. I managed to bail out on gold miners a couple of months ago, when I was worried gold was topping. I even started a thread about it in the gold forum (gold charts - cause for concern?) but no one would listen. Gold bugs tend to be perma bulls until they get wiped out.
Now I'm cashed up and bear hunting, bottom fishing if you like but my entries here are far less risky than two months ago when everyone was buying. And I only buy on oversold days and use trailing sells to stop out if I'm wrong. Looking to get long with leverage when the tide turns.
PS forget "reasons" keep your eye on price.
It can be expensive to convince the market.
MOY Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held