Further to George Gammon’s great explanation on FED.

All pushing in same direction for gold.

Without any delay here it is:

https://goldsilver.com/blog/state-sponsored-deflation-no-v-shaped-recovery-for-you/?utm_campaign=20200413_Mike_Video_Deflation_and_Gold_1700&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius