precious metal trends

Some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate . . . .

Investors seek refuge in safe-haven assets as geopolitical tensions send gold and silver prices above key resistance levels due to rising tensions over U.S. relations with Russia and North Korea  . . . .

Gold pushed to near a four-month high amid heightened political uncertainty in the U.S. and the EU this morning . . . .

Gold continues its 2017 rally, closing Friday at $1,236, up $16 per ounce for the week, and up $85 (7.4%) since the beginning of the year. Gold reached a new 2017 high of $1,246.60 last Wednesday. Interestingly enough . . . .

Gold got back on track last week,reaching a new 2017 high of $1,227 last Thursday, and continues to show excellent price support on high CME trading volume . . . .

Will the Trump Presidency be positive for gold, or not?  On balance, it could well be as Trump is a known believer in the place of gold in the global monetary system . . . .

SHARPS PIXLEY FORECASTS 2017 . . . .

Right now, gold is still caught in a trading range, but with a long-term bias toward exploding higher over the next few years to at least $5,000 an ounce . . . .

Yesterday, the gold price broke above US $1,300/oz for the first time since early October, as the surprise announcement last Friday October 28th by the FBI relating to Clinton’s email probe, injected a new wave of uncertainty into the presidential election . . . .

Gold is on course to head as high as $1,500 per ounce, according to a technical analyst, who says the current environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal . . . .