From The Daily Gold

Last week I wrote that the precious metals sector remained in correction mode.

In that article I delved into the start of a Fed rate hike cycle and what it could mean for Gold. In any event, a Fed rate hike or a stock market correction remain the potential catalysts for Gold to bottom and begin a significant rebound. But, the sector is correcting and each of those catalysts could require more damage before a much bigger rebound.

In the article we noted Gold could decline below $1700 but the post-rate hike rebound could take it to $1950-$2070 at the end of 2022.

Anyway, the end of the inflation trade, as we are experiencing, is initially negative for Gold but eventually it can lead to one of those two catalysts.

Note, Gold & gold stocks peaked well before the end of the inflation trade and well before the dollar bottomed. So they’ve discounted what is to come, to some degree.

https://thedailygold.com/video-the-inflation-trade-is-over/