St. Andrews - Gold's Solid "Bounce" After Fall is Big Bullish Sign

Robert Williams of St. Andrew's research echoes our thinking when he observes that gold has made a strong bounce off the bottom and finds it significant. Basically the market has failed to "confirm" the initial action of the crash. This is not surprising given the explosion of physical demand that has resulted from gold and silver "going on sale." Good technical analysis and commentary herein.