Adjusted for inflation, record highs for gold should be around $2200 per oz. This is still early in the gold run, and you are bound to have a few corrections, which I agree this probably is. I would be surprised if the fed didn’t end up cutting to 1% again within the next 18 months. I can only imagine that when the stimulus checks arrive, we may see some inflations show up right away as well, as this is money that doesn’t exist.
