As you can see from the chart below, gold hit a bottom on December12, right before the FED's rate hike the very next day and anyone can clearly see that gold is jetting upward since that day. Gold has climb about $150 since January 1 and closed at 1,302 for the year
The FED is calling for a few more rate hikes in the new year although they are known for bluffing. They promised a lot more rate hikes than we actually got in the last two years since they started raising rates. If the rates do go up in 2018, expect gold and gold stocks to do very well.
So then, my call is a very good first quarter 2018 for gold and the precious metals sphere. We may even see gold hit $1,400 an ounce by March. Keeping fingers crossed!
