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Gold prices have been struggling, but the path of least resistance is up

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MarketWatch/Mark Hurlbert/4-3-2021

graphic image of hour glass with gold dust running through it“Gold has continued to struggle over the last couple of months, and the gold timers have responded by becoming more pessimistic and dejected than they already were then [two months ago]. That leads contrarians to be even more confident than they were in early February that gold’s path of least resistance is up.”

USAGOLD note: Hurlbert includes his own chart on gold sentiment in this article. Worth a visit, particularly if you are a contrarian investor looking for for an entry signal.

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