RE:The ebb and flow of inflation and the POG
What we're seeing lately is smart money anticipating what's to come getting in early buying gold now.
The masses that will open the floodgates of panic gold buying later haven't even started buying yet. They are still locked into the false mindset the Fed can and maybe even will beat inflation.
Today's CPI release has got them thinking peak inflation has come.
Well, getting back to reality some, it hasen't.