August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I’d expected another two weeks of corrective action myself after bullion’s impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least1446.90. If so, that would be a new recovery high and an encouraging sign that even bigger things lie ahead. Specifically, a1504.00target would be in play if the August contract closes for
