Its pretty clear whats happening in the gold space here. As the share markets correct then "our friends" at the Fed launch an intensely orchestrated operation to attack and cap gold forcing it lower to make sure that it has no chance of being viewed as a hedge against share market negativity which would generate more interest. They are using the higher $USD for camouflage There is zero doubt that this is the case as a rising gold price all but confirms the Feds lack of credibility in this inflationary environment. They are desperate to keep it contained. Things are getting that little bit tighter in this war of attrition.
