Famous last words ha, but "Is it different this time..?"
Were the market factors the same as they are now heading into this December?
You definitely have the odds on your side (and there's also US tax selling) so I can't argue with your reasoning there but in previous Decembers was Gold facing a sudden change in sentiment from a more "dovish" FED?
Was world growth slowing and uncertainty rising previously?
The dovish toning FED could be signalling that the high for the USD may already be in so there's probably limited downside in the POG.
To me, Gold seems about the only worthy sector to be in right now, the only other real options are shorting momentum/growth stocks and/or cash.
Keen to hear others opinions.
Bottom here?, page-522
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