I know this will seem quite outrageous to some. Maybe that is my intent. I have been watching the price movements and news rhetoric combined with our own forum dialogue. I remember in 2008 when I was watching gold go down in the face of what I thought at the time was the beginning of the end (cant help but laugh at myself in hindsight - I considered buying 3kg of gold at $800 AUD oz in 2007). But down it went for about 6 months before there was a turn around and the rest is history. The high in September 2011 was huge at the time. Commentators were talking about $10k per oz gold (USD). People that are talking about similar things today. I see repetitions in patterns and those patterns have not played out yet. The 2008 crisis lead to a fall in gold for six months and I expect that we will see a fall in gold again during this crisis while it plays out. It has some time before it is clear how long this will last. 2 months, 3 months, 6 months, 12 months, 18 months - who knows. What is clear is that we don't have a end date yet. There will be ups and downs as we have already seen. Highs and lows in emotions and also stock markets. Governments are flooding the markets with cash as they did in 2008. So like late 2008 through to 2011 I expect that cash will flow in part to gold. And as we have seen there is a LOT of cash being put into the market. Before then there will be a shortage of available cash. Governments are trying to fill that void right now but so far the continued collapse of businesses and debt failures is sponging up all that liquidity. That will mean lower gold prices. The question is how low. My two figures are the 2015 low of around $1050 USD and the 2008 low of around $700. I genuinely expect to see one of these. Silver may make $8.50 USD or thereabouts. I think Davros10 alluded to this in a post sometime ago. I couldn't see it at the time but it seems that it is possible. In that regard I think the $1050 is the more likely bottom for gold as I don't see the GSR changing that much in the next few months. Who shall cast the first stone?