Loading ...Dead Low Dec 2015 and second higher low in Dec 2016. Two higher lows so far apart looks good to me. I don’t see a problem for Gold at all, even with a possible massive deflation due to low taxpayer salaries.
In fact Gold should be MUCH higher today if it weren’t for that stupid Brexit news that came out and sunk the Pound inverting Dopey/Dollar higher. Then came the Trump campaign with promises of a booming US economy suggesting no need for gold protection.
Same ole same ole is UNFOLDING. The Brexit Trump affect (discount on gold and higher rates etc) lasted from July August era to Dec 2016. Rates are lower today that Dec. Dow lower since March 1st. Its all going in slow motion.