The past 6 years have been difficult for gold bulls. After the 2011 market top for precious metals, gold experienced a waterfall decline followed by a “lower low” and more sideways price action.
Every rally seemed to stall out. Every hope was met with “not this time”.
That type of price action is grueling and tends to grind out weak hands. To put it mildly, it’s very difficult to hold an asset that goes nowhere while the stock market zooms higher.
Gold Bulls Last Stand?