Due to obvious reasons that I have highlighted in the past, including eventual [and now current in the USA] monetary policy easing around the world, global economic numbers (i.e. manufacturing) beginning to dwindle, and now, the threat of an escalated USA-China tariff spat, I am eyeing an eventual big break-out for Gold.
Moreover, Trump has appointed some latest Fed nominees that are extremely heavy gold bulls; Trump has also made it clear he wants the USD lower to balance currency manipulation and devaluation across Asia and Europe. All in all, the cards are lining up for a long Gold run as I have said numerous times. However, keep in mind, until we get to 1500 it will not be linear; be patient and stay long - never panic sell during retracements unless confirmation for at-least 2 consecutive trading sessions.
There will always be fake bearish traps particularly for Gold and Silver (we just had one push Gold to 1400-1402). PRO TIP: diversify amongst a few gold and silver stocks that have posted strong recent quarters as they will be poised for break-outs.
I continue to hold my predictions from over a month ago: 1) Gold not under 1400 for 2 or more years; pushed ahead by 6 year base 2) Long bull run; B wave 3) Gold to set new record highs likely in the ladder half of 2020 (Q3-Q4) 4) Reasonable probability of Gold > or = to ~1700 near Q1 2020
Bonds and treasuries continue to dwindle into worthless status. This is a key reason why this will NOT be a fake-out like in the past. Why? Bonds were over 4.5% during the last fake-out - now 1.85% and falling.
Predictions for the near future (approximations): A) 1441 (current) to 1434-1438 to 1447 (re-test) B) 1447 --> 1470 C) 1470 --> 1450 D) 1450 --> 1490 E) 1490 --> 1470 F) 1470 --> over 1500 G) Heavy bull influx once 1500 is reached; quickly to 1550 after 1500 reached.