The merry month of May has almost gone but not without tossing us a surprise rally which commenced on the 1st of May and put on $75/oz before hitting the brakes yesterday when it fell back to close at $906.15/oz.

The old adage of sell in May and go away appeared to reverse for most of the month. Maybe they went early this year as gold dropped a $100/oz in the second half of April (read more…)