Anyone who has been bearish on gold for the last 4 years has been right. They have been right in Euros and though the trend appears to have been gently changing over the last year or two, they have been right in Canada & Aussie (i.e. commodity currencies) dollars as well. Certainly, they have been right that gold as measured in most global stock markets has been (and remains) bearish.
They have also been right in that gold as a hedge against the kind of inflation that global policy makers have promoted non-stop for years now, has utterly failed. And for gold as an insurance and value asset, a small phase like 4 years is like a blip. Yet still, so many people throw their hats into the ring on gold, constantly micro-managing its every twist and turn.