As everyone is probably fully aware of, Gold is in a and is plunging pretty hard. I follow many of the hardcore gold bugs out there and while they are still as as ever, the general sentiment is pretty bad.
Technically speaking I don't think we've reached the "puke point" just yet, but IF we get some downside , preferably fast drop, to the 0.04 level as indicated on the chart. I think it will provide an amazing long opportunity. I think the bear trend will reverse itself and we could see a bull trend with tremendous upside.