gold, page-12416

I don't know about the technicals but I think the fundamentals look great for gold.

1) Debt levels at historic highs and not getting better,
2) Uncertainty with election likely to escalate as we draw nearer the event. Will Trump followers even accept the result if they lose. Trump has been suggesting that they should not. There's a reasonable chance things could get very ugly.
3) Brexit hasn't had an impact on economic activity in the U.K. as yet. When they start the process of unwinding their ties with Europe and renegotiating deals, watch the SHTF. The currency markets know what's coming.
4) Other Euro nations will have their own votes to exit the union.
5) Euro Banks compromised???
6) Russian/US/China relations???
7) Elevated Price Earnings in Equity markets due to historic low interest rates. As interest rates rise will this re-valuation of stock prices take place in an orderly fashion or will there be panic selling??.
8)Higher interest rates in US means higher US$ which means elevated debt repayments for EM nations. Will there be a flight of Capital out of EM.
9) Higher US$ means US exporters less competitive; the earnings of S&P500 therefore further compromised.
10) Higher US$ means less inflation imported into the US, so less likelihood of FED making further rate rises.

Overall, I'm more than happy to be in gold for the medium term. The short term looks risky and outside my abilities. Those of you who trade the daily movements have got a lot of guts and I wish you the best.