Gold has now retraced to the blindside forming an hourglass shaped backwardation that is sometimes referred to as a Marilyn Monroe by laymen who get excited when they see it. Many technical analysts believe that whenever Gold hits a price in the $1260-$1270 range that if you buy it you won't be disappointed, unless it goes down more, in which case you should sell it. That is when the range becomes an oven. Forwardbackwardation usually follows and gold could then fall to new lows until a floor forms and the process reverts into a death cross. Once reversion to mean happens the floor becomes a ceiling and the cross is easier to bear. This reversion to mean is sometimes called a mean reversion because it has a bad attitude. I give this advice with a warning that I am often wrong and so you should not invest any money that you would not be willing to spend on lottery tickets or dating. For me I don't do either so I am considering buying some, except for the price. So the answer is maybe. :shrug: