Silver Market Morning: Dec 13 2016 - Gold and Silver starting to bounce?

The fall in the gold price halted yesterday as the volume of sales from U.S. based gold ETFs became small. We have not seen a rally since the gold price broke down through $1,210 so one is overdue. But we expect to see no change in trend until the ‘honeymoon’ with Trump is over. That could be early in his Presidency as he is alienating his own party as well as many nations across the world. Until then, while we are seeing a bear market in bonds, a bear market in equities is yet to begin. When it comes, not a few eyes will be watering.