About Gold: It’s Likely To Have Grinding, Plodding Future | investing.com – Investing.com

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About Gold: It’s Likely To Have Grinding, Plodding Future | investing.com – Investing.com

In the midst of multi-hundred- and multi-thousand-percent gains over the past year, has been left out in the cold. After getting above the psychologically-important $2,000 level, it fumbled and stumbled its way down by about 20% and only recently begin to show a pulse.

Gold Futures Chart.

Looking closer, you can see how in just the past few sessions the gold contract manage to scrape its way above its trendline. That’s a nice little accomplishment, but this is hardly the firm foundation upon which massive bull markets are built. It could be just a “poke” through only to be followed by more disappointment. It’s going to take more than this.

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