Good work, ozp. I'll add a few longer-term positives for gold to...

Good work, ozp.
I'll add a few longer-term positives for gold to your list. My apologies if you've already alluded to any of them.

1. Continuing large purchases by China, India and Russia.
2. Active Shanghai Gold Exchange, which requires physical gold transactions.
3. New demand arising from Shariah-compliant gold investment, esp. the OneGram gold-backed crypto.
4. IMF SDR to replace USD as global reserve currency; gold proposed as additional value to back SDR.
5. Potentially, Trump's new gold-backed USD to counter 4 above.

There are various interpretations on the wild USD gold price fluctuations. But underlying many of these is that constant suspicion that the Fed Reserve has some role in it. Cheers. R.