Stock chart courtesy of StockCharts.com.
The chart above provides some perspective on long term projections for gold. Commercial Trader positions indicate they are in the process of moving gold down to the red trend line. A decline below 1517 (+/- 2%) is still expected. Based on underlying futures trader positions, long term calculations indicate the current trend is expected to be a repeat performance of 2000 to 2011. Note that the trend lines start in the early 1800’s.