As long as Trump continues this aggressive course of action (and...

As long as Trump continues this aggressive course of action (and he didn’t need to do it this way), almost every condition required for POG to go up is in place. These include:

1) A significant price spike (inflation) caused by the tariffs;
2) Heightened geopolitical pressures, especially. against the USA;
3) Less international trade and cooperation with the USA, including the delaying of investment decisions;
4) A big hit to the already pressured US consumer, consumer spending likely to fall off a cliff, which means more job losses to go with those being lost in the government sector;
5) The US is likely to go into recession, enormous pressure on US dollar to fall.
6) Incentive to move away from trade with the US, and even greater resolve to join alternative trade groups like BRICS and undo the reliance on the US reserve currency;
7) US interest rates will need to be cut at some stage to support the US economy and jobs, even as inflation is running high. The Federal Reserve will come under enormous pressure from Trump administration.
8) Debt ain’t going anywhere, and the US government’s ability to repay becoming more difficult as US currency devalues.

There is one inescapable fact, central banks need gold more than ever.

Monday will be a big day for Aussie gold miners. North American counterparts hit big with profit-taking, falling up to 10% Friday. They didn’t have the protection of a capitulating AUD. Aussie dollar gold price actually went up strongly on Friday night ($100+). If our Aussie miners get hit Monday, I see it as a clear ‘back up the truck’ opportunity, just want to keep an eye on Trump he doesn’t go limp.