china and gold , page-16

"Larry Edelson Bullish on Gold that is interesting. Can you give us some more information on that?!"

He says that bottoming action is now in place. He also says the next phase is up and that is "Right Around the Corner". He recommends subscribers buy a range of exposures (which I will not repeat as thay are for subscribers) to gold and silver (including physical metals) and cover a leveraged short instrument. He is not telling subscribers to wait for any further confirmation. He is bullish now and subscribers should buy his list of rec's now.
While plenty of HC posters are believing GS calls for lower lows, Larry is now looking for a strong leg up and eventually a much higher new high.
There was plenty more detail but again, it's meant for subscribers.

Gartman also sees no further downside of any significance;

"Gold Won’t Stay in $1300 Territory : Gartman

Monday April 21, 2014 10:37 AM

Gold could easily be $100 higher one year from now, says Dennis Gartman, famed editor of the Gartman Letter. In the short-term, Gartman adds that gold will most likely not remain in its current $1300 territory. “It can trade $25 to $30 dollars either side of there for a while,” says Gartman in an interview with Kitco News. “A year from now it will be $100 to $150 dollars higher - at worst it is $30 to $50 dollars lower but that is in dollar terms. I think in Yen terms it can be demonstrably higher. If you are going to own gold, own it in Yen terms … The bank of Japan has no choice but to expand the supply of reserves very aggressively.”

http://www.kitco.com/news/2014-04-21/KitcoNewsMarketNuggets-April-21.html

I ended up buying some SLR this afternoon (first time in quite a while). Seems to be holding well since end March at just above Dec lows so appears to be geeting support around these levels. I think if gold holds above 1270-1277 and then moves back above 1300 (which is what I'm betting on for now), then SLR could easily rally to 50-60c. SLR has dropped sharply lately on POG leverage so seems like a good leveraged exposure to any rebound in gold.