March 22, 2024 - (Gold Market Wire) - Well, as we warned yesterday in our "Now, Remember!!" admonishment, the pattern repeated. A push in Asia to suck the panic buyers in, and then, a sell-off. "Fool me once...." and all that stuff. The end of the week intimates that we are going to have to go back and fill that gap, after all! As far as we're concerned - that's excellent news! The rally was getting disorderly.

So, the ever faithful can wait for the $2148 line to get breached, and either get short or close out at that point...or, in 'other' cases (like ours), remove the remaining length now after what has been a very good trade.

We're going to opt for the latter, leaving the trading book flat for now. We have no desire to spend a Sunday evening watching Asia's fits and starts. A nice calm weekend is always good for the spirit. If we get a close beneath $2148 today.... a small spec short should be in the offing.

We remain, very convinced, that the next Great Gold Bull Market is now in full flow. This will be a garden variety pullback, before we move higher again. All that remains, is to hold core positions with an iron grip, and maintain the discipline on the trading book.