Yup, knock on wood ;)

Gold has to re-establish itself above the 200dma (about $1617 currently) for a spell before we might declare any real comfort with the idea that the correction is truly over and the turn is in. A pre-Christmas close well above there on Friday (above the 40wma on the weekly chart) would be a nice start...such action would suggest that the brief venture under the 200dma has been just a false break to once again flush out the weak hands in an ongoing 11-year bull market. Still can't believe the speed and rush with which so many 'experts' have simultaneously declared the death of the Gold bull in such a brief period of time...like I suggested on another post, such 'successful' widespread top-calling of 'any' sector is about as rare a species as pink elephants, lol...