TSO, I think golds heading 1700, no sigh of bottoming formation,...

TSO, I think golds heading 1700, no sigh of bottoming formation, we need a wash out 2-3 days for a spike down then to the moon situation. USD moving up ( still in overall down trend ) 92 cents is key pivot and we are below but trending up again, 88 cents and below its game on for gold, USD will be toast.

TSO a safe play but imo I’m yet to jump in due to the above reasons. Good news is the majority of the damage has passed can’t see this lasting more than 1-2 months before it goes north or at least finds a bottom and some pretty favourable prices. If golds decline last lasts much longer and goes further south we are cooked till I’d say 2022-2023 then will see imo meaningful inflation. Deflationary side is still pretty strong