December 20, 2017

Gold prices are trading $1,266.00/oz. this morning, up $4.00.  Prices are about $30.00 higher than the recent 5-month low seen on the 12th.  During the same period the dollar has weakened, US 10-year Treasuries yields are up 6 basis points and the S&P 500 has moved higher.  GLD AUM fell 38K yesterday.  Congress is expected to complete voting on passing the tax bill today.