Gold still looking brightest among the safe haven flows

Gold is still making gains as we head into another “risky” weekend

With more threats of bomb testing by North Korea, Gold is seeing further money piling in. We’re up towards the highs seen last year and pretty much in sptiing distance of the 38.2 fib of the 2011 swing.

Gold weekly chart 08 09 2017

While we’re still under the influence of North Korea, it’s going to be hard to see any real downside here. However, if things do calm down sufficiently, we could well see a volatile drop as safety plays exit.