"Gold" had a strong move from the lows of the year 2016. But with the new all-time highs on the "S&P 500" and "DOW 30" and "Nasdaq" there is room to form a higher low (or double bottom
) in late Q4 2016 or in Q1 2017, which would be a great very long-term investment entry to hedge against a crash of the "S&P 500" in the year 2017, after the current election year is over and a new US president has been elected.
I used the popular GLD ETF
here as proxy to chart the Gold