Market Sentiment shifting

Comex Gold now at $1350, heading for another test of $1370. This time we break out

From GATA

Rather than congratulate the U.S. Commodity Futures Trading Commission for taking note last week of the manipulation of the monetary metals futures markets, silver market rigging whistleblower Ted Butler today notes acerbically that the violations just cited by the commission took place during its interminable investigation of the silver market, which found ... nothing at all!

silverseek.com/commentary/unfinished-business-17082

Have to agree with Dave here on Gold

Another story on lack of US gold reserves
www.rt.com/business/414610-us-low-quality-gold/

2018 is going to be a good year for Gold and Michael Kosares is predicting $1500 area

www.usagold.com/cpmforum/2018/01/01/prediction-2018/

Gold has held up very good during December weakness, I think it is a sign of underlying strength, to much fiat $$ bubbling around. 2018 should be very good

Looks like more paper gold is needed

The World Gold Council has filed for a new physical gold ETF. The Gold Trust will be very similar to the $35 billion SPDR Gold Trust (GLD), the world’s largest gold fund, but with key differences.

At first glance, the fund looks like it will go head to head with GLD, but maybe not. It seems unlikely the World Gold Council would want to cannibalize a successful existing product that already has its backing. The filing is actually quite vague, with a lot of information—including the ticker and expense ratio—left blank.

GLD’s main competitor is the iShares Gold Trust (IAU). A share of IAU represents ownership of 1/100th of an ounce of gold. However, one share of GLD represents 1/10th of an ounce of gold.

www.etf.com/sections/daily-etf-watch/new...etf-filed?nopaging=1

Great interview

On daily chart US$ index put in an inverted head and shoulders pattern so temporay bottom in at least, resistance at 96 to 97 so probably range bound

Mmmmm iran and russia eliminate the USD
www.express.co.uk/news/world/874772/Iran...late-US-ditch-dollar

yup I am on board with you, looks like very good action. And on a day US is rising, we should run back up to $1360

Gold, looking up, nice bounce off support around $1300