There shall be no worry about that.

It can go down to $1225. In extremely case, say next year, it could revisit $875.

But that price alone shall not be the bearish sign of gold long term bull trend.

To say gold was dead is like to say the Washinton politicians suddenly became smart to know how to control the debts and deficit, and to say the Wall Street bankers suddenly lost greediness. We know those are not true. In fact, OBM is asking $1.6 trillion  more deficit ceiling increase.

So the doomsday lies ahead of us. Only the people holding physical gold will weather the storm.