Well the Fed got the ball rolling with a shift in their stance on inflation and rate hikes. We shouldn’t be so surprised because anyone who watches commodities can see that there’s inflation. It’s only a question of how long that inflation will last. So, if the Fed is willing to discuss that the conditions for a rate hike may be met earlier than previously anticipated, then logic dictates that the Fed has a better chance of NOT letting inflation run away out of control. That’s the part that surprised traders. A little bit of confidence in the Fed. I’m not there yet. I don’t believe that a super cycle in commodities can be stopped. I know that I sound like a broken record here, but there’s just too many dollars out there. The money supply grew by 25% in 2020. Rate hikes are still two years away! Gold took off $100 way too fast and should find some decent support around the $1,765 range. So between the Fed announcement, the Dollar rally and all the technical chart damage to gold, I think that there’s another opportunity to buy gold before the big rally.