An open letter to investors who are bullish on gold - MarketWatch"As gold breaks down near support levels, technician Michael Kahn of barrons.com asks whether capitulation is here. Not quite. After the 1970s bull market, gold lost two-thirds of its value. At this point it has fallen “only” 40% from its 2011 peak. John LaForge, commodities strategist for Ned Davis Research, thinks gold has to fall to $660 before it reaches its bear market bottom. Shawn Driscoll of T. Rowe Price, who said oil would fall to $50 a barrel, thinks gold will tumble to $800 an ounce............ I’m looking for a bear market bottom somewhere between those two prices. But we can’t get there without you. So please do us all a favor: Give in, raise the white flag, turn in your swords and abandon this lost cause. You would help your country, the markets, and ultimately the price of gold itself. .......... Trust me, surrender will never feel so sweet." http://www.marketwatch.com/story/an-open-letter-to-investors-who-are-bullish-on-gold-2015-07-23