From a TA perspective, the Gold chart is starting to look promising. After peaking in 2011, it entered a downtrend for 4.5 years, bottoming in late 2015. It had a big up move in 2016 which then reversed, but it stayed higher than the late 2015 low, suggesting that the bottom was in.
Then in 2017 it put in an extended series of bullish intermediate higher highs and higher lows. Now all that's left to officially confirm the trend reversal is to get above the mid-2016 high (approx 1370), and then the new uptrend will be official and the rules change from 'sell the rallies' to 'buy the dips'.
Sounds simplistic, but that's what analysts and traders watch and have their computer algorithms set for. Of course the Fed/central bank gold suppression mechanism can override the TA signals, but there are the added factors of N Korea, global de-dollarization of trade, the breakdown in the petrodollar system, Fed QT/quantitative tightening, the over valuation in the stock market, and the $1-2 quadrillion in Derivatives lurking out there waiting to blow up again, etc.
So as Jim Rickards says, the time to get your gold position in place is now. But I'm preaching to the choir here, since you guys are already fully loaded..
