Gold now Waiting on US$ Top "As I penn this Gold is trading at $1167 and GDX has 12% downside to test its daily low. Don’t be surprised if precious metals bounce next week as Gold has support at $1160. That being said, Gold looks like it’s headed for a test of at least $1080 (the 50% retracement of the bull market) while the miners are headed for a retest of their lows. That is the bad news but the good news is precious metals are finally moving closer to the end of the seemingly forever bear market" http://thedailygold.com/gold-now-waiting-on-us/