JDST - The Gold Debate - Where Do Things Stand In The Gold Market?
By Pater Tenebrarum
A Recurring Pattern
When the gold price recently spiked up to approach the resistance area even Aunt Hilda, Freddy the town drunk, and his blind dog know about by now, a recurring pattern played out. The move toward resistance fanned excitement among gold bugs (which was conspicuously lacking previously). This proved immediately self-defeating - prices pulled back right away, as they have done almost every time when the slightest bit of enthusiasm emerged in the sector in recent years.
There is a well-known resistance area in gold priced in USD between roughly