POGFed has no choice but to hammer POG below $1400 to protect the US Dollar reservce currency status.
They will use all their weapons, including the JPY carry to strengthen the USD and general equities. Seen this play out too many times.
I'm expecting 25 bps cut or no cut and language that supports the economy and allaying fears of a recession. Then supporting econmic data tomorrow and Friday to lift general equities back up to par but with gold comfortably below $1400.
I'm going int to hibernating mode and I'll wait out this latest assault on real money.