Any upping of geopolitical tensions or domestic political tensions would spark gold higher. We consider gold rising in the face of a rising US$ Index positive and bullish for the longer term.
A sharp and significant price pullback would lead to a sentiment cleansing, allowing the overarching rally to continue afterwards and potentially maintain strength until next spring.
The yellow metal today at 2674 is undervalued by some -1069 points per its 3743 Dollar debasement value. Dip Gold may near-term do, but long-term do not Gold eschew.
