Comment: LOL PM is not getting attacked.

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LOL PM is not getting attacked.

The powers that be have been pursuing BOTH deflation and inflation at the same time since 2008. We've been on a precarious tipping point of going one way (hyperinflation) or another (delfation) for since then.

They have determined that we tipped a little too far to inflation so interest rates have been raised.

That temporarily increases demand for the dollar. When the dollar goes up, ceteris paribus, gold appears to go down.

It will go the other way again. It wont take long. Remember, don't put all your eggs in one basket. Determine your OWN risk profile and then plan appropriately.