Don't Fear a Drop Below $4,000: Gold's Bull Market Endures, Thorsten Polleit Says

Despite heavy selling pressure, gold holds above $4,000 an ounce. Thorsten Polleit, Honorary Professor at the University of Bayreuth, sees any further decline as a natural correction within an unbroken bull trend rather than the start of a bear market. "If you use an exponential trend and another polynomial trend, then you would say $5,500 was pretty much way off any trend line," he notes.