A few thoughts on this golden bull market of ours.
Gold bottomed in July 1999 at $253
Gold topped in August 2011 at $1920
Gold bottomed again in December 2015 at $1046
Now as long as this low holds we can come to a few assumptions.
Gold has held the 50% level from its high which is a strong position to be in.
Gold looks like it is beginning the third leg of the reintroduction of the bull market which began in December 15
But more importantly it may well be signalling the beginning the third leg of the massive bull which began in 1999
As the third leg is usually the strongest we might be in for some wild action.
For this to happen we need Trump to be inaugurated which means the globalists have been beaten,especially as Europe looks to be disintegrating.
Which leaves Indian prime minister Modi out on a limb.
With luck, that will be cut off.