These days, we speak of the price action in Gold as “bullish” in the same way we would describe a patient on life support as “alive”. It’ll get better, I’m sure, but probably not before the Great Bear Rally of 2009 (/2010??) ends with either a bang or a whimper. I’ve tried to sound encouraging by saying Gold futures are at least tradable while we wait, but after snoozing through Friday’s dirge, I’m not so sure. Check out the graph if you want to see a picture of accumulation so quiet that a mere $10 rally would be a relative thunderclap. _______ UPDATE (11:21 a.m.): Gold has topped today a dime above a modest target given here earlier, a Hidden Pivot at 959.90. You can go back to sleep now.
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