But my comments about a rally “just starting” on no news were made in the context of the feeling that I and many devotees of PMs currently have that gold seems hopeless and will never have a meaningful rally in our lifetimes.
That said, such a large decline seems remote for now given the sold out state of gold…but I reckon a 2 or 3 day 100 buck plunge could create the exhaustion move/gaps for a true bottom…but I am as bewitched, bothered and bewildered as anyone else.