IAUF - GDXJ: Pullbacks Should Be Expected But The Gold Party Is Just Starting

During the early morning of August 13, it looked like gold was poised to make another big move up again, after hitting a high of ~$1,534/oz. However, it was not meant to be as the yellow metal promptly sold off shortly after market open and is now currently trading at ~$1,501/oz.

Source: Goldprice.org

As the following headline shows, gold fell 2% when word broke out that the U.S. would delay new tariffs on certain Chinese-made goods until December 15.

Source: CNBC

Despite the headlines (and reasons), this most recent pullback in gold and gold

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