If POG stays around the current price then if and when the Fed...

If POG stays around the current price then if and when the Fed reduces interest rates POG will go a lot higher and if ETFs start being net buyers instead of net sellers they have been for the last 3 years and so far in 2024 then we may see POG go up many hundreds of dollars.

In the past when ETFs went from net sellers/ buyers the POG went up significantly.

In my view with central bank buying will continue so I am keeping a close watch on ETF buying and selling - the World Gold Council reports on ETF buying and selling at least every month and even weekly ( I have to check if I am right about weekly).