Gold and related investments are off to a very positive start in 2018. I dont expect any major pause in the action until Chinas Golden Week holiday celebrations get underway. Chinese gold dealers will be on holiday this year from about February 15 to February 21. This creates a significant vacuum in gold demand. As dealers and Chinese gold markets close, the gold price tends to soften in global markets.
Over the weekend, the Cleveland Fed released its media Consumer Price Index (CPI) data for December 2017. The result? The Median CPI rose 0.3% in December, an annualized rate of 3.5%. Put simply, core inflation is rising rapidly and the Fed is WAY behind the curve. Small wonder the US Dollar is collapsing, breaking through critical resistance.