Why this gold rally feels different

FXStreet/Rick Ackerman/7-18-2019

“For years, gold’s corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr Market has not obliged. Instead, retracements have been shallow and rallies steep. The latter have often occurred after-hours, but in one recent instance via a trampoline bottom that came early in the day. By playing hard-to-get, gold is displaying the most encouraging signs we have seen in a long, long while.”

USAGOLD note:  Good bottom line analysis and advice from an analyst who’s taken a few laps around the track. . .through thick and thin.

Repost from 7-20-2019

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