That title is not meant to imply Gold shan’t trade nary a pip lower from here; instead there is evidence of price remaining in broad consolidation, that the worst of the selling has truly passed, and that we ought be facing up the road rather than down.

To wit, we commence straight-away with this one-question quiz:

What number did both Gold and the S&P 500 have in common back on 15 January 1991?

“The same number of secret admirers, mmb?”

Hardly that, Squire. Gold better than 23 years later to this day remains the most under-admired, under-owned, under-understood, tried-and-true asset of irrefutable wealth on the planet. The answer to the quiz is 369, the closing price of both Gold and the S&P on that day. Which with their percentage growth tracks, along with that of StateSide M2 money supply from 1991, make for quite the fascinating chart as follows:

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