I bought a book called 'Gold Bubble' a couple of years ago that picked the top, and says the bottom will be $600.
The chart shows that from 2001 to 2009 gold staged a late summer rally averaging 20%, gold stocks averaged about 10%
The book also says:
"Moreover, based on its long-term average, gold is way beyond fair value. Instead of $1,900 an ounce, reasonable gold prices should be closer to $500 to $700 an ounce. Supported by Fibonacci time relationships and seasonality patterns, the likelihood that a peak in gold has already formed or rapidly approaching is almost certain."
Bang on.