certainly could test those lows. usually happens with most investment cycles to hit the bottom two/three times. longer term I look at gold as a way to bet on massive debts, global economies with shifting influences away from US, more debt(will be raised again soon), desire by large govnts to diversify, growing asia, etc. People always say "the trend is your friend". We know the US's trend is more and more debt and more and more unfunded liabilites. We know central banks are buyers now. We know asians swoop in when prices go down. we know miners are consolidating and less gold may be produced in this environment. Dont knw about pglc but im not selling my PM coins. By doing so Im saying"yeah Obama/Govmnt is going to get us on track and those unfunded trillions will disappear".
i should also mention the mess we will have with our debts when we actually have to pay real interest rates on our bonds. The Mother of all bubbles. Its easy to pick out bubbles, just hard to know when they pop.