FYI: Gold is unlikely to mount a sustainable rally anytime soon — just as it failed in June to build on its strong May performance.
That’s because there remains too much bullish enthusiasm in the gold market GCQ7, -0.11% . According to contrarian analysis, a rally that lasts more than a couple of weeks isn’t likely until there is a lot more pessimism and despair among gold investors — a Wall of Worry, in other words.
Regards,
Ted
http://www.marketwatch.com/story/heres-what-is-holding-gold-back-2017-07-07/print
