Gold economic fundamentals have been mildly positive since early 2016. As discussed over the
past year, the first rally off the 2016 lows in the $1050 oz. area was spectacular, but ended in fiasco
as speculators lost discipline and chased the metal up to 1375. I resumed posting positively on
gold on 12/7/16, and the market has begun a new trend up from the 1140 area. It broke resistance
at 1200 early this month and has gained steadily. The fundamental outlook for gold -- faster
economic growth, rising inflation, a gradualist Fed and dollar weakness remain in place, but so
does Gold's price volatility. The metal is now overbought in the short term. Gold Price
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