January gold price and ftse performance

[HawkHybrid]

first trading day of the year.

gld is up($), mostly flat in £'s.

ftse 100 is down ~0.5% and red all day.

not a great start to the year.

 

is this a sign for what's to come the rest of the year?

or can we expect things to pick up?

 

HH

[Pete]

Look out of your window and see if it is windy, frosty or raining.
Then try and predict the weather for our next summer.

We all know that even with supercomputers and historic data we cannot forecast weather accurately and unfortunately the same is true for PMs.

There's a lot of nervousness out there with highs on the stock market ( half the pundits predict a bubble to burst and the other half state still good value with lots of upside to come ); the tweets of Trump bragging about nuke buttons and armageddon, uprising in Iran and of course Brexit. Best advice is to diversify and if you see a bargain, buy and if the price then drops, sit tight and wait but never invest in commodities unless you are prepared to loose most of your investment.

[sixgun]

From the charts further declines from the current level for the USD portend to some heavy falls. i can see this being a good year for the metals. A weakening USD and the new gold and silver cryptos which will be announced this month are going to supercharge what has been lack luster performances since 2011. i see price retracing to those levels and then beyond.