In my opinion, gold is going to move lower. How much lower, thats the case for technical projections to find out. My target for new long term lower low is somewhere between 1190 – 1050. I think that area would present a good area to buy and hold in a (2 – 5 years) horizon. As an investment vehicle I would use one of the ETF’s backed by gold. Exit would be around 2100 – 2500 with stops set tight below 2000 once strongly breached.