US inflation data from January - November:
-0.1_0.0_-0.1_-0.2_0.0_0.1_0.2_0.2_0.0_0.2_0.5
Yearly average is 0.8÷11=0.072%
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
I don't really know how do they calculate the Inflation figure but the data is telling me that there's plenty of time for commodities to run until the US achieve a better inflation figure.
As global economies are slowing. Gold is still struggling whenever the USD is appreciated over other currencies.
What will happen if China is thinking about a new QE program. Gold will be in deep shit.
I am holding for another month.
I wish that I can print money as it's a sure bet that the fiat will appreciate very strong in 5-7 years. God damn Gold
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