We’ve all been wondering when $2000 will start looking more like support than resistance, an eventuality that showed no sign of happening over the last few weeks with the futures cavorting there and teasing bulls. It was an annoying exercise in tedium as gold slid up and down a greased pole of hopes and expectations. It doesn’t help that most of the action took place beneath a slew of ‘external’ peaks recorded last May and July. My hunch is that the excruciating excess of deliberation is a consolidation for a sustained move that will ultimately leave $2000 in the dust. We’ll continue to trade with a bullish bias unless a salaciously appealing opportunity arises to get short temporarily.