December gold futures have been on the biggest run in over a decade as the market continues to seek alternative asset classes while the US dollar continues its slide. Gold should continue to see buying interest heavily on any dip (such as this morning’s $40 selloff) and is widely seen as a store of value. The government isn’t “even thinking about thinking about” raising rates as Jerome Powell put it, which leads investors to flee the greenback in search of better performers and yield. Gold is getting plenty of tailwind with the dollar in a tailspin and just recently touching a 2-year low. The biggest and most obvious driver of this rally is the unpreceded surge of “free” money from the treasury. Another stimulus is seen in the near future and this should once again continue to smack down the dollar and boost the shiny metal into new high territory once again. Traders should position themselves for heavy volatility as the average true range (or ATR) indicator is now at $45 from $25 just one month ago. This means that gold’s average move top to bottom on any given day is $45, or $4500 per futures contract. It should come to no surprise as traders gain confidence in a bull run and FOMO kicks into overdrive that volatility is here to stay. Fear and greed are the only thing that move markets and a 10 year high in the shiny metal, an endless printing press from the Fed, slumping US dollar index, and general search of performance should all keep gold well above $2000 for the foreseeable future.