Five reasons gold just made another record high

[Ben Graham]

Gold has hit a new record, up $52 to $3638 as it's gone parabolic since breaking the April-Sept range.

The chart pretty much speaks for itself and I wrote about the bull case every day last week.

There is no real mystery here:

1. Trump is aiming to take over the Fed and lower rates to levels they otherwise wouldn't be
2. The global order on trade is breaking down
3. The global order around military intervention is breaking down (see J.D. Vance's comments on killing Venezuelan citizens on the weekend)
4. Fiscal spending is out of control
5. The technicals align

This article was written by Adam Button at investinglive.com.