From the Desk of Ian Culley @IanCulley
Buyers are holding the line.
The former 2011 highs remain front and center for gold futures – and all precious metals.
These shiny rocks will experience increased selling if gold slips back below those former highs marking the prior commodity supercycle peak.
These aren’t the type of developments that support a sustained uptrend.
Yet this action hasn’t deterred gold bugs.
Despite every reason to sleep in and shirk any and all responsibilities, they continue to show up right on time…