Well, it’s looking increasingly likely that the PM complex has made it’s December low. I must admit, I was expecting $1200-$1220, but we got the timing right (it seems). So where to now ? I’ll be posting my thoughts in the New Year, as we start to see things developing. In summary though, I’m on board with the dollar bears and commodity bulls now. As Graddhy has very cleverly spotted and pointed out, we may well see the stock market and assets generally continuing to rise sharply in their blow off phase, with the PM’s sniffing out the coming mess and rising as well. I believe the smart money will be taking positions in commodities (the upside for Uranium miners for example, is quite impressive). Cryptos ? damned if I know, but I have a small position just for the hell of it, which has now brought a 1200% profit in 6 months.

I’d like to leave you with a gold chart. Once we clear the $1295-$1300 region, things will get interesting. You might remember my initial target is $1500-$1550 in the next few months.

 

Wishing you all a happy Christmas (for those that celebrate it), and a peaceful 2018, NS.