Last week, the gold price closed near $1,325 per troy ounce, which is remarkable, since gold prices broke convincingly through the $1300-barrier after New Year’s Eve. Gold prices rallied even further by another three percent, topping $1340/oz, but slightly retreated last week. The motive? Everything appears to be awesome again on stock markets and Trump – insofar the rumors go – is nearing a tough fought trade agreement with the Chinese to resolve an impending all-out trade war. But this sudden wave of good news is quite remarkable after an important novelty earlier last week.

Volatility (VIX) reached a cyclical low again

Source: ZeroHedge

But is everything still going great?

Source: ZeroHedge

Patience is needed


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