![GDXJ Monthly](https://mikesmoneytalks.s3.us-west-2.amazonaws.com/wp-content/uploads/2011/10/01011214/Screen_shot_2011-10-04_at_12.25.33_AM.png)
Gold has held above its 200-Day M.A. for three years (currently around $1,527). Thankfully, just about everybody hates it again and the bullish boat is just us kooks, bugs and tin-foil hat folks again. I think the downside risk is limited to the 200 Day M.A. while $2,000+ is not a question of if, but when?