Another take on $RIO this time following the price action that gold took between 1978 and 2012. Obviously today markets are far more efficient, algorithmic based, real time information, broader markets, etc. So it should take shorter to play out. But still it's quite significant volatility here in price move. If you are faithful, and can stomach potential sharp downturn (bonds spike, delfationary shock, etc.) the reward should be magnificent. Bear short term, super bullish long term. In this chart. See part 1 for the short term bull case.