Here's Gary's response to "Why Gold Prices Have To FALL" "It just depends on your time horizon. If stocks do take everything down then we probably have 2-3 more weeks of pain, but sentiment is already so negative that the losses aren’t going to be huge. Gold isn’t going to go through 1033 without a big rally........ Once we come out the other side of the 7 YCL everything is going up big. The question is whether you can make it through the 7 YCL to get to the other side. Personally I haven’t given up on the second daily cycle yet. But if it has gotten terminated I think I’m in close enough to the bottom to not worry about trying to trade anymore. By this time next year I expect gold to be well above 1500 and maybe even testing 1900 so what difference does it make if I didn’t catch the exact bottom perfectly?