Gold price sees another 5% rally this week as geopolitical uncertainty drives the market to touch $2350

The article above headline is the immediate snap analysis, as this rally is causing quite a degree of cognitive dissonance :
the US$ FED has strongly hinted that interest rate cuts will be less than expected, due to the robust jobs growth (which one expects in an election year), which normally would see a strengthening US$ and a weaker POG. Next weeks US CPI is eagerly awaited, but wether it will have much impact on th POG is contentious.
Enthusiast 'gold analysts' are predicting a continued POG surge based on non-US buying ...... GOK

Technically, the POG chart looks bullish, with the huge green "engulfing candle" creating a strong "continuation pattern" - the US$ POG up 1.57% to a new all time high, and the A$POG up 2% to another all-time high.
This bullish POG pattern is particularly propitious for RED's looming merger, which should create the mother of all re-rates ??
The SLR vote is at hand, and market watchers would be very surprised if SLR shareholders reject the offer agreed to by their BOD.
There's little evidence that a counter bid is coming from GMD .... or NST ... so Silver RED it is ??
The combined entity will become a highly profitable 450k oz p.a. producer, with little hedging, no net debt, lots of cash - a mid tier powerhouse.
As I've said before, expect the new BOD to hit the ground running, with definite statements about debt, hedging, KOTH expansion, possible share price consolidation (1 for 10?) etc etc.
If the market doesn't crater or the Middle East explode, then the new RED will make quite an impact on the Nth American gold conference circuit, which should consolidate its position in major indices ..... still a "strong HOLD" IMHO.