Some gold bulls say it's a bottom, some bulls say the correction has more to go. Maybe even some bears say we've reached the lows, most say we have more to go.
Who is right? Maybe Mr. Maund is correct, but before jumping to any conclusions, I'd balance cash and gold (and for those real risk takers, gold stocks). Slowly accumulate on these dips and don't look back. Ask yourself, "Can I accept a 60% drop?" or worse "Out of these 5 stocks, is it ok if 3 go out of business?"
Tough questions, yes, but Austrians know the fundamentals. Use that knowledge and protect yourself.