Game on for the POG
There isn't a heallthy enough fear of inflation out there currently to keep the POG up and rising even though there should be.
Likewise there currently isn't near enough concern for the rising national debt and what it is going to take to service it either as it will keep inflatiom rising exponentially going forward.
Inflation is the key and what the FED does about it is what's driving the POG at present.
As i said, not enough fear of inflation where there should be is what's keeping gold down.
The illusion of Fed-speak has investors hipnotized on the kool-aid they serve and lies they speak that they will get inflation and monetization of government spending and deficit restraint under control.
The investor public is not aware the tough talk of the FED is a smoke and mirrors show that is going to fail miserably and when it does -, gold is going to explode upwards .
Forget all the noise and talk and guesswork on where the POG is going and when. Just pay close attention to the FED and when their armour starts to crack and crumble under the load they carry keeping the public blind.
The FED will turn and roll over in the next several months and then its game on for the POG.