Gold and the Trump kerfuffle.

Experts on KWN and elsewhere have forecast a huge rally this year. So did the Edelson Institute. You can see their forecast in a September post last year. Again, it is time to look at events on how the PM prices behaved in December and January.

 

Here is the up to date graph of gold:

 

 

 

We see that gold has begun its ascent in December (as the Edelson forecast predicted), took a short breather in January and resumed its climb last week.

 

Silver has also broken out though the first phase of a silver rally is less than the gold rally. Big money pours into gold and the smaller money then goes into silver. Here is the corresponding graph for silver:

 

 

The silver patter is like gold's but a bit smaller.

 

Here are a couple of miners:

 

 

and a second one:

 

 

The pattern is similar: a breakout in December followed by a breather at year end then a resumption of the rally last week.

 

The forecast for 2018 is as follows: gold to top 3,651 dollars an ounce.Silver may hit any time between 66 and 100 dollars an ounce.

 

You can see the rally forecasted by the increased volume in gold sales:

 

 

That's what the forecast is.

 

Now to the Trump kerfuffle.

 

The Drive-by-Media has magnified the importance of the Wolff book and various Leftists demanded that Trump be examined by psychiatrists or removed under the 25th Amendment. So, what does Trump do? He calls a conference at the White House, using the bait of caving in on DACA. The Dems jump at the bait thinking that Trump is ready to cave  and legalize near a million Democrat votes. Trump shines at the meeting. Even CNN praises him. The invasion of the Country by illegals intensifies and some people get dejected that Trump is ready to throw away the future of the Country.

That's when Trump torpedoes the DACA cave in by asking the question: why do you Democrats want to bring in people from countries that are Terrible places. Senator Durbin said Trump referred to those countries as "sh-- holes. Republican Senators present did not hear the sh word. Regardless, Trump showed how well he can function, the Wolff book is off the discussion and the Media is wallowing in phony outrage. They had been outwitted again.