For an in depth look at gold/miners/and the other sectors of the market see the weekend report.
Back in 2103 the Fed need to run QE3 and keep the stock market rising. However, they didn’t want to make the same mistake they made in 2008 and spike the commodity markets causing another recession. Now the conditions are reversed. The Fed needs inflation. So I don’t see the incentive for the cartel to continue attacking gold.
The latest crutch used by the bears is that the COT reports are bearish so gold is going back down. That is not necessarily the case if a new bull market has begun.
If stocks have completed the 7 YCL then there are big implications for biotech, and commodities in the years ahead.