gold, page-1559

@Nanood - many thanks.
If you read my recent Post 17680382, it seems that doom and gloom data are not - yet - good for gold price, as so many here have suggested.
My feeling is that ultimately it may well be the case, but people - the elites - are in denial as to the implications of macroeconomic data, and its implications.
Having said that, I think the man in the street is on to what's happening, hence the popularity of outsider candidates such as Trump and Sanders (from both sides of the aisle). But then...they are not market movers. It's the elites who cannot admit it.
Clearly there are larger forces at play.
Having said all that, it's true gold stocks and indices have run up fast and a correction may well be in order, and profits are there to be taken (and why not?)
Finally, a rise from 1,047 to 1,280 is not a trivial thing since New Year. It's a big thing, and maybe too big, and time for a breather?
In don't know. I'm as confused as most.
One thing I don't do is make predictions...the ultimate folly.