Almost everything is in place.For our concern, gold is priced in US dollars. Current and future US spending is and will be at a record pace. The debt this year will be in excess of a stated $2 trillion dollars, the true amount much more. The fed is not only running a strong repo market for the US banks but has stepped in to save several large funds. If that is not enough we are now buying back notes from foreign banks so their dollar supply stays solid. Nice trick, wish I could turn my printer on and buy back my debt. Most of this "debt" never hits the "official debt" column since in theory we "securities to back it up.
Trump goes big, and when the infrastructure package is passed we are assured that spending is out of control, it will be made worse by all the add-ons the dems will put in the bill.
Traditionally all this spending would cause gold to rise to $3,000 in a year or two since the fed can not raise rates to slow down inflation since that action would crush the markets.
Their is only one element missing to keep this all happening sooner rather than later. That is oil. Oil is a MAJOR factor in our and the worlds economy. Even at the current low usage it is a top commodity. The historically low price is almost free energy, with all Canadian and US ground oil being sold below cost. If there is a war in the Mid-East, or agreements between S Arabia (OPEC) and Russia to bring oil up to an even low price of $45--$50 (US) a bl, then game on for gold. Within months we will see gold soar.
I would not even be surprised if there was a fase flag, as so many nations (US, S.Arabia, Iran, other Opec nations, even Russia to some degree) budget on a $50 (US) bl price. Remember Every estimate a 15 years ago placed oil at triple of todays price. While the supply goes up, so has demand. No product can continue for long being produced at a loss. So keep your eyes on oil for the next year. We will still have gold go upwith or without oil, but when oil recovers, up,up and away.