Historically, gold bull markets last years and as you can see in the following chart from Casey Research we are still in the very early innings of this one.

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As OtterWood Capital notes, Gold has been correcting recently and the question is how much further can it go?

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During any bull market the long term moving averages act like support (I look at the 50th day and 200th-day moving averages).

Gold has broken through the 50th day and could fall as far as the 200th day and still be in a perfectly normal bull market.

Corrections in long term bull markets happen repeatedly and should be bought.