It might as well be. But December could bring another bearish trend during the holiday period, just before New Year. It usually shoots up after that and keeps going and going and going until around Chinese New Year (and Thai Songkran) in April. My opinion: - if this WAS already the correction, then we're looking forward to a powerful bull market next year - if this WAS already the correction, then we might never see gold prices below 1,500 $ next year: the good buying opportunity is this here, NOW - if there is more road down, then it won't be much lower: I think Marc Faber said something about 1,380's, but even he wasn't so sure (buy who can be?), so again: NOW is still a good time to buy Regardless, I don't think it will go much lower anytime soon. I'm nostalgic about 1,200-1,300 $, but 1,400-1,500 $ will feel the same later!