Ike, Gary Savage is a "Perma-Bull". He is simply now being extra cautious about when he's finally convinced the "Bottom" is in. It's a tricky market. His "cycles" tools have been rendered useless by gold price "manipulation". In fact, it's this "manipulation" , according to Gary, that has temporarily held up the ongoing secular trend in gold. Which, he believes, will resume in earnest once the bottom is reached.