re: Gold next yearThe jury is still out on Gold pricing for next yeat. I think the Fed will be forced to end tapering due to a falling stock market and weakening economy. Once they commence more QE, it will be positive for gold. The Fed cannot control supply chains, labor shortages, Covid, hoarding, or climate change all of which keep inflation elevated. Watch China and Europe.
Gold Technicals: Yet Another Battle At $1800 | ZeroHedge Excerpt:
This month is very different. Almost all metrics look neutral. Does this mean gold will continue its range bound moves around $1800? Or is this the quiet before the storm? The data shows a market looking for a catalyst. The new year should bring an abundance of new catalysts (Inflation/Jobs data, USD, Fed meetings, etc.) The market has become entirely Fed-dependent, and the Fed is beating a hawkish drum now. Thus, upside action may be limited in gold until the market realizes the Fed will not actually be hawkish.