current v's future price of gold

Absolute heap of articles currently on line clearly indicating an overall belief this is simply a gold market correction, and it’s simply a matter of time before time before gold goes up again.

The time duration of the correction it appears may vary from article to article, video to video and author to author and dependant on factors includes the demand for gold, market short selling then compounded by triggering stop losses etc., which magnifies the effect and the drop, as has just happened.

e.g. Several very good examples on video interviews and articles regarding current gold price down turn and immediate future on Kitco.com, including assessments by many major gold dealers interviewed and researched. Heaps of other’s can be found simply by googling, but as a another example, Scoops Lane (combining info from several market advisers from Port Phillip publishing)), indicating even a possible dip to lower gold floor dependant on the factors mentioned above, but just like all those at Kitco, it’s market correction, it will go back up.

Regardless companies such as PGI,BDR (and potentially MYG), will survive quite well because of their very low cost of gold production, and when the gold price does go back up in the near term even if it doesn’t go to all time highs, they will simply make huge profits for far less work, energy and cost than most others, in most cases approaching nearly double.