Ann: September 2017 Quarterly Report, page-36

Nordesmic

Thanks for sharing your views.

You could be right - and I have thought a bit about it, which is why I already have a significant gold holding and will hang on into my expected gold price decline (if it happens).

Gold popped today because of expectations that a dove will be chosen to head the Fed in place of Yellen.

My expectations about the USD is that it would rally to perhaps 97 on the index this year and then head down again. That could happen around the time of the expected December rate rise, but if Trump chooses a dove then maybe the USD will not move up much.

I have also noticed that there is a fair bit of gold demand outside of Chindia this year, but I am not sure if it will stay. Turkey was a large buyer this year due to instability and high inflation and German imports are high. However, Indian gold imports wane post Diwali into the end of the year.

Whatever happens, I do not think goldies overall will make a major run into end of 2017, so there is plenty of time to accumulate ahead of the expected early 2018 run. Conversely, its possible that goldies will not fall by much even if the gold price retraces down to around USD1200.

Its a gamble.

Good luck.

loki