Gold took so long to get a belated appreciation that it is seemly still undervalued compared to the influences. So the argument would also include that if any correction should be on the UPSIDE. There is the biggest Goldbug doing his thing as the Trumpster. Of course the US election and well.... Biden. Gold loves appreciation due to insecurity or unknowns. There is the bonds, low interest rates and YES inflation deflation and stagnation all at once. The US dollar being low as somewhat expected. The unknowns of the Virus. The printing and currency devaluing on trillions in scale. Growth and P?Es ignorance and the overvalue of past 3200 of the S&P and Nasdaq, Dow casino. Unemployment, and the if 10% for 3 then called depression. The cryptos magic valuation by its bigger owners, their keepers. Less gold availability to fair minable price, and ;less willing in recycling as now appreciated more desired. India in gold retail deficit and also China for a long considerable time. The new eft's and their record backing in with gold storage. At some point available gold may be exhausted as population & demand also grows. Throw in some attempt of standardizing with trying to save currencies. Debts, trillions and laughable in totals. China. My opinion is in that I may of missed many more points in why Gold needs a correction UP.... GO LD
