BCA Research Calls It

Last week BCA research said that a lack of policy response is the main constraint on gold price advances. They nailed it a week before it happened, moreover, they are pointing out that gold is bottoming as regards the positioning of traders.

Their findings are also commensurate with the point of view that gold has been through a major correction/consolidation:

http://www.bcaresearch.com/public/story.asp?pre=PRE-20120614.GIF

-F6