FYI: Contrarians, who weren’t surprised by gold’s weakness in recent sessions, believe bullion will continue to suffer.
That’s because there still isn’t the widespread despair and pessimism that typically precede tradable gold rallies. That despite gold’s GCJ8, -0.39% disappointing performance during the stock market’s recent correction; bullion is down 4% since its late January high — including another $7 on Thursday of this week.
Regards,
Ted
