Looks like it. I believe we are in a similar phase to that of 2008-2009 when gold corrected along with the market. I will post a chart of the gold/silver ratio which I have done several times. That ratio is at an all time high and similar to the prior ATH that preceded the 2008-2009 selloff in the market it's getting parabolic. I believe gold will need to back off and possibly go down and test its breakout area in the $1400 range marked in yellow and the third channel. During this time mining stocks will be ripe for accumulation as will silver. Tough times presently but good times typically follow. It's scary out there. Be safe my friends.