RE:Fastrade ;
Rockit2 - if the mainstream of investors still believe the Fed is still in the inflation fight and they currently do, nothing short of a sudden crises will move the needle much for the POG.
Nonetheless, a huge move up on the POG is anticipated by forward looking economists and that's a no brainer at any rate considering the Feds interest rate hikes aren't near high enough to beat onflation.
The masses still believe in the Fed inflation fight currently. This will change.
When the Fed is forced to pivot to spare the economy, then investors en-masse will know beyond a shadow of doubt the Fed has failed the inflation battle.
Inflation will be left unchecked to run wild when easing into renewed monetization and building debt runs its course via a coming Fed full on pivot.
Where are investors going to go then, when inflation runs wild and the dollar tanks, but into gold to protect their wealth.
Unprecedented times for the rise of gold are coming in the not too distant future over the coming Fed inflation fight defeat and little else but this very factor is going to push gold prices up as dramatically.