Easily manipulated masses make it easy to manipulate gold
Look to investors en-masse for the drop in the POG.
That they are so easily manipulated is how the banks and the Fed have an easy time manipulating both investors and the price of gold.
That they in fact have investors under their spell believing the inflation fight has merit and will still be fought is currently driving gold down but temporarly.
That they have investors believing they will cut rates next year under the assumption they will have tamed inflation with one more rate hike later this year is the manipulation in play influencing the masses to stay out of gold.
This is a temporary condition while the Fed keeps the lid on the truth and is still able to for a bit longer.
The absolute truth unbeknownst to investors at large is that the Fed is about to face a crisis. A big monetary economic crises about to blow the lid off of their bogus narrative of getting it all under control on the inflation front.
The Fed has already lost the fight. The masses remain (for the moment) behind a smokscreen of manipulative bs as the dark truth is kept under wraps by a crooked Fed.
The dam is about to burst and a lying Fed is about to be exposed as never before.The masses that play their part in the manipulation the Fed orchestrates, that in effect has kept the restraints on the POG, is finally going to end in thee perfect storm that has taken a very long time building up to.
Nonetheless, the masses listen to the Fed. When it becomes all too obvious the Fed has lost and then abandoned the inflation fight which they will soon be forced to admit to or just look plain foolish otherwise, the manipulative effect on gold keeping the POG down will dissolve along with it.