The World Gold Council recently reported gold prices have risen 62% of the time over the six months following midterm U.S. elections, with a median return of 2%, using data back to 1970. Recent price action in gold indeed suggests a market bottom is in place. This week the yellow metal pushed above psychological resistance at $1,700.00 and hit a four-week high, due in part to safe-haven demand amid liquidity worries in the crypto currency sector. A weakening U.S. dollar index and rebound in crude oil prices recently have been bullish elements for gold. Gold has been tracking the greenback very closely in recent months. For gold to extend its present rally the U.S. dollar index will have to see continued price deterioration. Stay tuned! Jim Wyckoff