FF for Gold long term

I was adamantly bullish on Gold in 2003 and so we have had an almost 11 year run up in gold. My FF is that gold has topped out now for 'several years' and will embark on a 50% approximate correction perhaps into the 900 range or near the 1980 high. From fundamental side this would occur as most of Europe over next several years is about to go down the rabbit hole. That will eventually drag the US down into the hole as well, but it will be a case of 'least worst' for usa. So money will shift from Euro to US$ for a year or two. This will plunge gold 50% on a 2 to 3 year basis. European Central Banks and then eventually some in Asia will start selling gold and create the perception that they are liquidating to keep solvency and help to balance their books. This will all be perceived as a deflationary trend. Eventually the low will come in and we can start a new bull, but not now. I have technical arguments for topping as well but they are not yet confirmed. There is still a possible outside chance gold can do a massive recovery and evade this big sell, but it would need to occur within the next 2 quarters and occur very rapidly. I will post some charts later I think.

To me this gold decline and gold stock decline lacks any substance or support. The bollinger bands are pointing downwards and its the trend move. Its a classic wave three dawn.