The FED is ever only lying about fighting inflationWhen the Fed speaks of taking a wait and see approach that inflation can be brought near its 2% target, a signal is sent, the algorithims read the signal the FED is still going to battle inflation that then triggers the automated sell button for gold and gold stocks.
Nothing could be further from the truth that the FED is truly fighting inflation. In fact its creating more of it and adding it into the pipeline that will eventually culminate in higher prices. This just isn't FED-think or FED-speak for mainstream ears.
That in itself with ever more inflation workiing its way into the system to later culminate in higher consumer prices, the algos are programmed to sell in that the FED will fight even harder against yet more inflation showing up in the CPI triggering the algos again to automatically sell gold.
A stupid computer hasn't got the ability to think like a human or is programmed to question the FED bound and tied by government made up statistics, lies and all out corruption.
The algo's are only programmed to do what's programmed into them irrespective of right or wrong.