Gold price, page-8411

Looking for a reason or some likely explaination for the drop in the price of gold is difficult.
Really breathtaking and something never To be forgotten.
I would think almost everybody would expect a similar spike to what happenened
With Brexit.
Anybody would expect it to last a couple of days at the very least.
To see gold get smashed immediately the US market stepped in was unimaginable.
Yet gold is hammered for 3 days.

The Hui has been telling us gold was on the nose for at least the last 2 months.
It continues to tell us gold is going down
And at a brisk rate.
To me and I hate to admit it the uptrend has been broken.

I see the protectionism expected from Trumps victory to push the USD up.

This will allow global gold producers to still make money but if we see a rate rise in December and Trumps starts talking about making America great again then gold is heading under $1000 USD and the AUD under 50 cents.

Whatever happens I will be very careful when it comes to gold.

It was a great year and a great ride. I have been fortunate to ride the wave
and not get wiped out....

Cheers.