Something to dwell onGold runs higher but the retracements are always short lived. I've been wondering if China is attempting to corner the market on Gold. They are certainly buying enough of it. If they squeezed that market then a lot of players, primarily out of the USA would be down a lot of money. Plus with countries repatriating the physical there's going to be many trying to buy but unable to find sufficient supply. So China has reserves that not only increase but with the higher price so does the value of those assets. Couple that with them now buying oil in Yaun and not USD, well .........
Probably more complicated than this but something to think about.