Back on June 12th, a note called “Gold – Getting Ready to Shine Again?” was published.
Gold is indeed shining again, after being taken to the woodshed and left for dead this spring following its parabolic move into the 3-sigma area in January.
In fact, gold round-tripped its up move back down into the negative 2-sigma territory, with a final bottom on July 16, 2026.
Now with financial media catching up to the trade +16% off the July bottom, some readers would like to know if the bounce should be faded (sold), let to run (maintain position), or added.
Below is an update on where things stand given the levels used in the analytical framework of the evaluation.