The New Year sales have started early today for gold investors wanting to increase their holdings. Gold hasn't been this cheap in terms of the Dollar, Sterling or Euro since late October!
By the London PM fix of $614/oz, in fact, gold had retreated to a level first crossed by this bull market more than 8 months ago.
"After failing to breakthrough $650," says one pundit on the internet, "gold consolidated at lower levels, and is now quietly strengthening."
Gold's strength is now so quiet, it's actually weakening instead.
But is this the time to sell...or buy? With gold failing to make the front-pages...failing to recover its multi-decade peak of May 12th...and failing to close the year strongly...shouldn't you consider the contrarian case for doing what everyone else isn't?