Bullion’s retracement from the May 2 peak has now dragged on for more than two months, providing not only the usual tedium of bull market corrections, but also some lows that may have evoked despair in more than a few investors. It is at such times that we should put aside “feelings,” and focus solely on our mechanical indicators, since they have yet to signal any real trouble — only the kind that is intended to shake loose the timid and the impatient. It is with the foregoing in mind that this session focused intensively on Comex Gold and Silver futures in the throes of their first promising rally in a while.
