We are witnessing the forerunner to gold's breakout
The past few months has seen gold rise off of a yearly low by over $250us as the dollar has slid downward on the Fed's stance of continuing the inflation fight path they are on.
That combined with countries around the world stockpiling gold along with smart money / early investors filing in purchasing gold.
It just hasn't led to a real breakout other than to a precursor early bird investors know is coming .
Wait for it and prepare, the breakout of retail investors to come storming in buying gold hasn't been unleashed yet.
The Fed holds the strings to that unleashing and will send the masses into a gold buying frenzy when they are forced to pivot and reverse course.
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The Fed will eventually pivot and maybe sooner rather than later, to infuse new life (monetization) into this imploding economy giving up all inflation battle efforts.
Then its game onl with the coming real POG breakout.
The masses that will spur on the panic buying are still under the Fed's spell following their every move and living by their every word.
The Fed is going to lose face with john q public in a big way.