In an article penned in MarketWatch today by Myra Saefong, she looks back at historical data to conclude that the rally which began on December 12 of last year up until Friday logged the longest stretch of consecutive gains in gold futures on record. She is comparing it to a point in time in which gains in gold futures resulted in 10 consecutive gains in July 2011.

Even with today’s tepid jobs report numbers, U.S. equities continued their historic climb, once again closing at a new record high. The Dow Jones Industrial Average breached 25,000 yesterday, and the enormous bullish sentiment drove the Dow over 200 points higher. As of 3:50 PM Eastern standard time, the Dow is trading up about 211 points at 25,284.

The number to focus on today is the number 10. Gold traders are witnessing a run on the precious yellow metal, now in its 10^th day for consecutive price gains. The last time traders witnessed ten consecutive trading days resulting in higher prices was back in 2011.

When it comes to market sentiment, many traders believe their focus should be on now rather than later. It seems the overwhelming majority believe in focusing on data and events which are influencing markets currently, rather than focusing on future events. At least this sentiment appears standard as far as the Federal Reserve is concerned.

Gold ended 2017 on a strong and solid note with consistent daily gains throughout the final trading days of last year. The rally, which began on December 11th of last year when gold prices hit an intraday low of $1238 per ounce, continues into the New Year.

For the third consecutive week, gold has rallied. This culminates with today’s nine dollar move, effectively taking prices above $1300 on a closing basis. Beginning in mid-December when the former correction ran its course, gold has closed higher week in and week out. The net result of this rally, when added to gains realized in 2017, is a 13% increase in value.

Gold declined throughout the first part of this month up until the lows achieved on December 11^th. At this time, prices traded to the monthly low of $1238 per ounce. From that point forward, gold prices steadily gained value, gaining almost $60 in the second half December. For gold traders, there were undoubtedly 12 days of Christmas this year.

Precious metals continue to gain value, with gold on track for a stellar monthly performance. Gold prices have been moving consistently higher since December 11, when prices bottomed at $1238 an ounce.

It was the day after Christmas and all through the exchange, gold traders were not silent as they looked at their gains.

As traders and investors returned to their desks after the extended three-day weekend, they witnessed both gold and silver continuing the dynamic rally which began on December 12th when gold bounced off lows of $1238.

Immediately following the passage of the tax reform bill, gold prices showed solid support and continued to move farther away from the lows witnessed last week. Beginning on Wednesday of last week, in response to the FOMC meeting statement released by the Federal Reserve, gold prices moved sharply off of the six-month low at $1238 per ounce.