Lots of Beta (Elliott) wave specialists stating gold will drop below 1000$ to as low as 700-800/oz. If you look at the historical growth of gold based on low interest rates coming out of late 90s. Gold had a natural incline. The early 2000s crash was followed by a record gold shorts in gold history. If you were to subtract that speculation even and the 2011 speculation event you end up with 3 main lines based on the same trends. Gold follows the highs and lows well in this more natural environment. Lowest low I could see is 1050-1100.