gold in freefall.. how low slr monday?, page-20

what is the near term catalyst to turn POG around ? I cant see anything.
No inflation, S & P 500 rising, meaning foreign investors buying USD, meaning USD to go high.
Only thing I can speculate is, some sort of a Geo-political situation.
Do you know that China Gold reserve is 1.2% of the worlds reserve. What would be the driver for china to increase their GOLD stake?
Anyway at the end of the day physical buyers pay what ETP decides, not helping GOLD miners margin to expand.
Presently ETF outflow does not offset physical demand.
I got substantial NST and SLR shares, trying to find where we are heading.....
To me NCM and SLR hit the most. Market knows where GOLD is heading at the moment and the SP reflects everything including the biggest factor uncertainty.