Enthusiastic gold investors everywhere are wondering… has gold finally bottomed?
The short answer is… I think so.
That’s because, from a number of perspectives, that seems the most likely scenario. Right now most of the evidence points in that direction.
A dramatic rip higher from March to August last year caused gold to soar by 40% in just 5 months. It also allowed gold to establish a new nominal all-time record high at $2,070.
Since then gold’s been retracing, giving up about half of those…