Gold price analysis, 8 Jan 2020

Gold has exceeded expectations: it has already reached $1600, before the intermediate cycle has topped. In the short-term, gold will possibly cool down towards $1560. But the intermediate cycle is still advancing. New highs above $1600 are very likely in the next few months.
GDX (gold miners) and silver price are under-performing gold price. Usually GDX and silver out-perform gold. So there is a nice potential for GDX and silver to catch up with gold over the next few months.
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