Editor's note: Originally published at tsi-blog.com on March 26, 2019.
I haven't discussed gold's true fundamentals* at the TSI Blog since early December of last year, at which time I concluded: "All things considered, for the first time in many months the true fundamentals appear to be slightly in gold's favour. If the recent trend in the fundamental situation continues then we should see the gold price return to the $1300s early next year..." The "recent trend in the fundamental situation" did continue, enabling my Gold True Fundamentals Model (GTFM) to turn bullish at