Bigworld, Looks like another good opportunity to add to gold/silver positions. Based on the chart it might test 1200 again, which has been the the lower boundary of the support/trading range this year. But anything in the 1200-1300 range seems like a decent entry point for accumulation. Silver is also cheap.
After dropping all year, it looks like the US dollar is firming up as it becomes clearer the Fed can resume raising rates. The tax cut bill increases the Fed's ability to normalize rates and continue shrinking the Fed's bloated balance sheet. That should keep some pressure on gold/silver, counterbalanced by the likelihood of war with N Korea.
I view gold/silver as disaster insurance so it's something you hope doesn't do too well, since otherwise it means everything else is falling apart. We know a dollar crisis is inevitable at some point, and then the transition to the SDRs. But that might still be years off so building up a good gold/silver position seems only prudent (but preaching to the choir here) :o)
Btw, check out this new Australian 'Swan' gold coin (link below). These sell for about the same price as a US Gold Eagle, but the mintage for 2017 is only 5000 -
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