The US economy and private sector growth has always been better under Democratic governments. The USD is nearing its recent low which means it could very well bounce and send gold much lower.
Gold's been going down while the USD's been doing the same, a very bearish signal for the gold price.
Exciting times ahead boyz as we get to those end-of-year predictions from gung-ho goldbugs and the 'experts' that goldbugs pay homage to.
There were plenty of contrarian warnings that gold was approaching a top.......
Peter Schiff predicting gold was going to 'moon'. Goldbugs excitedly 'backin' the truck up', right here on the gold forum Queues at Ainslies A vertical spike in the gold price Lots of predictions of $5k/$10k/$20k gold The gold price approaching the same inflation-adjusted price as 1980 and 2011.
