Yesterday's news continues production for years, which longslove.
This article gets us back to what the market first thought of Trump's win,
as regards to gold, before the market reinterpreted it to keep gold down and
the stock market up.
‘Gold Price Rally Acceleration In Play’
By: Stewart Thomson
https://www.safehaven.com/article/44034/gold-price-rally-acceleration-in-play "5. A pullback from the current price area would create a nice inverse bull
head and shoulders continuation pattern within the uptrend channel. That
pattern would mathematically target the $1343 area highs where gold traded
on the night of Donald Trump's election.
6. The Western gold community's initial celebration of the "Golden Trumpster"
that evening was turned into a gold price nightmare by the horrific demonetization
announcement in India.
7. The good news: With bank restrictions gone, Indians are now free to withdraw
unlimited amounts of cash. Most of the world top bank FOREX traders are
very negative on the dollar versus the yen, euro, and the franc. The bottom line
is that gold is now ready to retake all the ground it lost from the $1343 area highs.
8. I've suggested that the world is on the cusp of a Chindia-oriented "gold bull
era", but initially themed more on a period of dollar devaluation in America.
That's because there is no solution to the Western world's debt problems other
than default or dollar devaluation against gold."