Inflation and the POG- Now failing bank contagion has entered the fray factoring into the rising POG.
As usual, the earlybird buyers well ahead of the mainstream retail hordes of gold buyers are beginning to see that inflation is only going to rise going forward with the Fed bailing out the banks. And wait for it , one after another like falling dominoes this would appear to becoming more than likely with many more in the offing.
The Feds bailing these banks is inflationary and could reach extremes but its early in the game yet still before the retail masses of buyers of gold really get a clue.
That will come later when the fallout of the Fed's failure to tame inflation becomes all too evident under the crushing burden of renewed QE.
Inflationary QE.
Failure of the Fed to show they will beat inflation has been moved a notch closer, a big notch closer with these latest bank developments that could easily snowball.
As i said , the real panic buying isn't on yet with tha masses still under the deluded spell of the Fed fighting and beating inflation.
The recent buying is once again being done by the early bird in crowd who were in and out in the last most recent buying and selling spurt.
Continue to moniter every move and word daily by the Fed to get an early handle and what drives the POG and directs it.
Just google - Fed News every day and keep up to date.