Summer doldrums could see lower lows for gold as upside headwinds mount

Gold bug Mickey Fulp does not expect the gold price to break out this year, bar any substantial geopolitical event that upsets the state of the global economy. During a recent mining conference held in Vancouver, the ‘Mercenary Geologist’ told Mining Weekly Online that he expects gold to test new lows over the coming summer months, which has traditionally been a soft market for the precious metal.