Baires: By the way, Roy Jordan Byrne has also plotted out the 1976 model and its relevance for today, and it predicts a bottom around $1000, so you may be right about this in the short term. Rosen uses logarithms so this may be the difference, but it seems a pretty important difference. In any case, the bottom doesn't last too long, over and back up to previous levels within about a month if the pattern holds. Ike

http://www.kitco.com/ind/Trendsman/2013-11-07-Gold-Bear-To-End-With-A-Bang.html