Hi gwr:

The message here seems to be that the gold price will move slightly higher over the next several months and then will decline sharply late in 2017 and beyond. Am I correct here? If so it doesn't sound good for companies like AUM that have been shut down for years because they can't make money at the present price levels for the PM's.

Another thought is that forecasting of this nature has become almost impossible given the geopolitical and economic uncertainties in the world. Other forecasters we have been reading have been telling us that the worldwide economic conditions almost guarantee that the gold price is headed to incredible heights like $10,000/oz.

Pity the poor small investor which would include yours truly.