Ann: Solid start at King of the Hills with ramp-up on track, page-62

(***** News) - "Gold prices are modestly lower in midday U.S. trading Wednesday, in more subdued mid-summer trading. However, there has been a “collapse in volatility” on the daily bar chart, which suggests a significantly bigger price move is on the horizon in gold—possibly yet this week. Given that gold prices are trending lower on the daily chart, odds favor that bigger price move being on the downside. Improved trader/investor risk appetite this week is keeping buyers in the safe-haven metals mostly standing on the sidelines. August gold futures were last down $4.90 at $1,705.80. September Comex silver futures were last up $0.042 at $18.76 an ounce."

Well friends, the beatings continue, as the POG downtrends through key supports. A test of A$2400 soon appears likely, but the critical support is 2100-2200 ..... if that gives way then this gold market will fall apart IMHO.
Technically the IOUSA $ gold chart looks terribly bearish, on the verge of a waterfall event - if key 1675 support gives way, there's no support till 1500 ?? The GDX is approaching March 2020 lows and rate GDXJ is at 2019 lows.
The one day surge of ASX gold miners didn't last long and a further selldown is possible. Only those SH with shares Araldited to their portfolio will be able to avoid the temptation to join the lemmings headed out of gold stocks.
RED's much reviled hedging may come in handy after all.
The upcoming FY results and Diggers&Dealers presentation will have outsized importance in reassuring all that the Golden Goose is not cooked, but has many years of profitable growth ahead.