On June 11, I outlined the case for a bullish mean-reversion move in gold. At the time, I noted that gold prices had fallen more than 10% in June, far exceeding the average decline of -3.5% seen during bearish Junes since 2000. And that was before the month had reached its halfway point. With the 4,000 milestone providing nearby support, the odds appeared to favour a rebound. I'm pleased to say the low was identified to the day, and a similar setup now appears to be emerging. Gold remains on track for a fourth consecutive monthly decline — its longest bearish streak since September 2022. Yet it is once again lower by ... (full story)