Nothing says that gold can not go lower here but it sure is looking bullish. The shares (equities) are suggesting the same thing.
Jim Rogers in a December 10 interview:
He says he likes silver better than gold, that central banks have turned from sellers to buyers, and, that there is no bubble here in gold.
Gold is trading nothing like it has in all the years since the bull market in gold began. Things have really changed. The big boys are paying attention, taking action and taking on the anti-gold cartel. The NY futures' prices show that.