I rely on a little more of the supply/demand for gold.
Asian and India gold sales are low for the moment.
Just wait until emerging mkt currencies fluctuate as they have done recently. They have all fled to 30-60 day $US treasuries.
This is because the US is the only country with rising interest rates.
If this protectionism persists the US economy will fail. (and others) It will also fail with a too stronger $US.
That is why Trump is pressuring the Fed Reserve (which they will not have a bar of unfortunately).
This all feeds to a crushing $US to compete with foreign exports and a fed reserve that will back off interest rate increases.
This all bodes well for gold as crushed international investors will have no where else to go.
On a side note their is a record amount of hedge funds short gold and long $US. This is starting to unwind as I speak.
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