I'm not an official "expert" (whatever that word means), but I spent a huge amount of time getting informed about gold. IMO, the rubber band is FAR streched to the downside, in fact, unbelievably far. Gold is at the price of production, and some claim it has never been so cheap in history compared to the amount of fiat existing.

If you watch the day-to-day manipulation, its clear those guys have a harder and harder time to keep the price that low. They just can't do it anymore (doesn't mean another spike down isn't possible).

No way gold is going to $800, and unlikely it's going to $1000 either. We are very far down now.