My latest gold tout amounts to tough love for bullion bulls, since there’s no point wallowing in disappointment when the technical picture is as yucky as it is now. Subscribers know that I can turn on a dime if changing conditions warrant it, but I’ve set the bar higher and higher to avoid getting sucked in by rallies that show just enough promise to make us feel good for a few days. It remains to be seen whether our fire-sale bid for New Gold shares will fill just above 0.50, but I doubt we are passing up a great opportunity to buy it at our original price, 0.94, a penny above today’s decade low.