For many investors, gold’s extended trading range since late August has been agonizingly long. Gold bulls have patiently waited for the next rally phase of the metal’s price to commence. And while there are fundamental signs which favor the continuance of gold’s bull market, the wait for the next extended rally will likely continue a while longer. In this report we’ll review the factors which point to gold enjoying strong underlying support, but also needing additional time to consolidate its June-August rally before commencing another major climb.
One of the biggest arguments that gold bulls