moodys strips uk of aaa rating, page-4

>>>My main reason for staying bullish is very simple; so long as the central banks continue to devalue their currencies, I believe the precious metal will shine<<<

Yet since 2011 gold has been in a down trend whilst coinciding with the greaest monetary easing in modern history. At what point does one begin to re-evaluate their thinking?
Or do you just continue to follow the same approach because it is popular and suits your position, regardless of how far down the slippery slope you cintue to slide?