``I think we may test the $1,522 level again, or even go slightly lower.  It's possible.  But in different terms to the stock market, which is very overbought, the gold market is now becoming very oversold.  Say another $50 drop on the downside would probably lead to some major low in the price of gold from which the next upward leg could happen."  (During this interview gold dropped another $15)...''

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