Wish thinking is not a strategy.....Here's the deal....The FED will ultimately and inevitably "pivot" ...but it won't happen until everything is falling apart at the seams. Powell cannot "pivot" now as it would ignite inflation again and destroy his legacy....he has to wait until everything is on fire when he can ride to the rescue like Bernanke did and get his picture on Time Magazine.
People in power are pathological. They are misfits and dysfunctional which is why they pursue politics, religion, law enforcement, the military etc....All people express their underlying personality via their profession which is why you have Trump, the Pope, Putin, Powell etc Powell cares more about his legacy than anything else....all people in power care more about their legacy than anything else.
Powell cannot "pivot" yet...he has to be the tough guy like his idol Paul Volker. It's only when the economy is in full blown disaster that he...like the lunatic Bernake....has "the courage to act" lol
So....the $ isn't going to collapse anytime soon. Rates are going to stay higher for longer. Gold is going to give back a lot. Gold miners can't even make any money at $2000 gold so they will be back in the red shortly and maybe by a significant amount
You have to wait until it's clear that the money printer is going to go brrrrrr again. If you wish think and hope for some drill hole to make you rich you're taking an absurd amount of risk for little return and doing it without the benefit of a "pivot" tailwind
Buy T Bills and settle for 5% money good. Gold miners are a disaster waiting to happen as they always are except for those rare and brief moments when they're great...now is not that time