Making Sense of the Gold Price Retreat

I received considerable feedback to last week’s publication, Ready for the Contrarian Gold Trade? I suggested that while gold remains in a long-term bull market as the market is transitioning to a hard asset cycle, gold prices are due for a multi-month period of consolidation and pullback much like the 2004–2006 episode.

Further discussions with readers prompted us to offer an alternative scenario of a shorter corrective period. Investors may not have to wait 1–2 years before the resumption of a gold bull.

The full post can be found here.