[geraldog]

The risk for Central Banks holding their own bullion is low, away from the almighty Dollar, and Gold has never ceased to hold value, while Silver is actually useful but seriously overbought.

We're actually paying a premium for risk-averseness in the very nature of Gold, an asset that produces no dividends other than holding its own intrinsic value.

This time the bullish-on-Gold news outlets are right: there are fundamentals driving the madness that is the Market.

Something about Japanese rice futures candlestick school of days past predicting sell-off after 8 to 10 sucessive record highs...

Summing it up, the volatility specially of Gold (Silver is a bubble may I remind you) doesn't discount the possibility of an overall upward trend of years for Gold and a respectable USD$4000 for the spot troy ounce does not seem crazy at all, as momentum builds for regime change in Iran.

It's a plain analysis. Trump may not TACO on this and after hell on Earth is unleashed, Gold will actually see action to unprecedented levels. Maybe. Maybe not, but USD$4000? I doubt very much it would break through that support level.