Despite this sell off, what is the bigger picture for gold? The worlds biggest gold producer China has had gold production dropp 3% first 3 mths of 2018, 6% for 2017. International tensions have reduced currently but could flare anytime soon, especially over Syria which is ongoingly tense. The US dollar will likely drop, inflation will likely rise, the US deficit will increase and there is huge volatility in the white house with a president who knows that military action can boost his ratings so more strikes in Syria may come. So, IMO, in the balance, gold will rise this year and EVN with it. A good op today to buy in which I have just done. Good day to all.
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