Sort of feels like there is some accumulation going on with RMS....

Sort of feels like there is some accumulation going on with RMS. The sp action of the other day against the back-drop of a pretty decent fall in the gold price sort of indicates that perhaps investors (or smart money or whatever you want to call it) aren't buying the drop in gold price or the transitory inflation story or both. Or maybe its just reflective of the ludicrous reaction to two flagged rate rises in 2023 - two years out no less. For the love of mary, that's just a complete load of bollocks - the fed is using some sort of signal language to those in the know that inflation is out of the tent and they don't intend to do stuff all about it. I'd like to think the game is up and there is a disconnect emerging between equities and physical versus the paper market. Dreams are free......then there is Basel II or III or whatever it is ........maybe that's in there somewhere as well. One thing is for sure - whatever i think is or should be the cause and effect equation - it's almost guaranteed to do the opposite and some wise economist will retrofit an answer.