Not sure why I didn’t have this on my radar before – the 200 and 50 ema’s  on the monthly really put things into perspective.  Almost seems impossible for gold not to retest $950.  If that is the bottom, or when the ema’s begin providing support again, it would confirm this entire multi-year pullback is just a correction in a bigger context bull move to higher highs.  The key is for them to provide support.  Once the 200ema shows it can provide support, I will go long again as an investor.

http://schrts.co/D9AxxH

However, using silver as a proxy along with it’s current behavior around the 200ema, it wouldn’t surprise me to see gold overshoot and head into the $700s before the correction is over.

http://schrts.co/M1693U