Inflation driving gold stocks and co's down is a bit of a moot point. Mainstream investore still don't yet get the picture. Inflation is what's going to drive gold, stocks and companies to new heights.
Inflation is turning back up with rising oil prices, but this is just the start of a long ascent ahead. Uncertainty with the Fed over doing further interest rate increases is keeping the dollar up and gold down with investors leaning toward the expectation of another rate hike.
You would expect that with rising inflation the Fed would keep the interest rate hikes coming..
This expectation is keeping gold down but temporarily.
What is going to happen when the Fed can no longer continue raising rates in the face of rising inflation, directly in the face of a tanking economy laying just ahead.
This is what we are coming to now.
Gold loves the uncertanty.that will soon be evident.
Evident to mainstream investors that count on a large scale in driving the POG.
This thing with inflation and the Fed and their failure to control it hasn't gone away as many assume currently, but is about to heat up where the Fed becomes that proverbial frog in the boiling pot of water.