How low can the market keep falling?

It will continue to drop while the fiscal cliff exists....

Today, the POG is still over USD$1700 per oz and AUD remains at USD$1.02-1.04 or thereabout.  This has been pretty stable for a few months.  Yet gold stocks have plummeted.

For me, it is a question of when do I start buying.  There is very little cash in portfolio but if I beg, I might get some dough from my boss.  I am still waiting for some refund.  There are a couple of takeovers in the air including CGX and IDL.  Both of these will go through within the next 2 months.