There are a few variations between gold, silver and the XAU (13 major gold miners), but taken overall it looks like we are at a serious low of sorts. This would be the initial 5 waves down for wave A, to be followed by a wave B. After that wave C will take gold down a lot further. In the mean time, if this is correct, there should be a decent bounce in gold of about $400. Silver has the potential to double and the miners could even triple. Gold statistically speaking goes up when interest rates go up and not the other way as seems to be the consensus.