We printed a healthy correction for the 2016 rally.
The fundamentals for 2017 alse look promising
DXY made a 14 year high, a serious correction is near.
S&P 500 is making new all time highs on staggering earnings. (I can't believe people are buying at these P/E levels...)
The FED again made a promise they can't keep.
Inflation has yet to pick up.
The possibility of a EU breakdown is looming
European banks are facing solvability issues, politicians said another bailout is off the table.
Trump is a big question mark, the only certainty is the uncertainty he brings. He's the only one that might spoil our 2017 gold party with a prolonged USD/S&P rally.
We need a clean and strong break of 1171 for this to work.