Was really hoping to see green today, but looks like we may see...

Was really hoping to see green today, but looks like we may see new lows!
What I can't understand is how the gold price is now close to dropping below $1800 with inflation where it is. Isn't gold supposed to be an inflation hedge? When does gold go up? Unfortunately sentiment in this sector is going to suffer until/if gold starts to move up.

On a positive note, I've been listening to a few interviews with Rick Rule & he's mentioned a few times that his more successful "10 baggers" have taken 5-6 years to achieve, & they have nearly all at some point dropped 50% in value...Here's hoping!