The recent run higher in gold looks set to continue based on the following reasons. 1. There are some very strong seasonals in play with the Chinese Lunar New Year approaching. See chart above. Gold tends to do very well at the start of the year and this point is being confirmed by the rise in ETF flows that are coming in at the start of the year. 2. Gold ETF flows start to rise again after bottoming out. The holdings in SPDR gold shares, which is the largest bullion backed ETF, grew by 17.2 tons on the first day of this week. That is the biggest amount of inflow since September. The last run higher in gold was ... (full story)