zugszwang, I continue to expect to see lower lows in gold...

zugszwang, I continue to expect to see lower lows in gold coupled with higher lows in gold stocks to signal a final bottom.
I suspect we test the 1600 level next week followed by a decline to new lows.
Many gold stocks broke key support levels in recent days and many will also test those levels.
I dont believe we have seen the lows, because as I have stated previously the broader markets are nearing a another" crash window" and any sudden shock in the broader markets will take down gold and gld stocks.

Couple this with the technical picture in gold and cycle lows ahead I it is still very much on the cards that gold tests 1520 and breaks it.
There are just way way too many investors attempting to bottom pick gold and gold stocks and invariably means it has lower to go.