June 12, 2024 - (Gold Market Update) - We've had the big sell off in Gold and Silver (7% down in a day!), and now Gold, somewhat listlessly, is trying to mount an assault to reclaim the line.

Right now, the attempt to reclaim the trend line looks pretty tepid. Gold is going to take time to recoup its composure. That big down, move down which we were looking for weeks ago, could actually be in the making now. It would make sense. We've come a long way in nine months - from $1800 to $2400, with barely a pullback. Any professional worth his/her salt, would say a retracement is overdue. We won;t be getting short just yet, but we wouldn;t be surprised if a long awaited pullback develops.