gold, page-82038

Hey Pointy, great analysis as always.
I note that about 2 hours ago, the POG price was heavily hit, which has caused the entire sector to remove all the gains at the start of the day.
There are so many differing views on twitter about the POG, although I feel the consensus is that we are 'due a pull back', which seems to be based on the T/A, but.. I struggle with that, because its not about the POG in USD, its about the USD index (although I do not that it is now hitting a trend line), so... the waters are murky right now.

Yet..in the end, I just ask myself, will the USD move higher or lower.... there may be spikes higher, but... surely, the trend is going to be lower... for longer. i.e. Gold price in fiat USD, is just beginning its run.

I can imagine many are taking money/profits off the table, yet, the gold sector is only just starting to see the higher prices from Dec/Jan this year flowing into their bottom lines. Each quarter going forward (due to hedging prices either increasing or tapering off), producers are going to see higher and higher average prices, yet their costs are mostly stagnating (due to a variety of reasons).

Its not like the gold sector is 'inflated', surely? The pump has barely even been attached! Compared to say, Tesla.. etc.

Your thoughts?