Not yet at least. Have you (or anyone) looked at historical data on gold's responsiveness to changing economic conditions? Weeks? Months?
I'm torn on whether to join you and be bugged or be patient and give it more time to react.
When gold rallies, it's because capital is being re-deployed into gold that had been previously deployed elsewhere (stocks, maybe bonds). Is there a purgatory period where capital sits on the sidelines in cash while investors re-assess what to do? Maybe we're in that period. Maybe that period always occurs in the transition. Sometimes I think Budd's frustration is really an expectation of immediate response.This might be why HB recommended not looking at the portfolio frequently, and maybe no less than annually.
This is the first time I have experienced an inflationary period as a PP investor, so I don't have the benefit of first hand experience. I'm watching it closely too. Gold rallied like hell in 2008-2011 which I would have thought was a deflationary environment. Plus the US Dollar index rallied at that time too, which should be an inverse indicator to gold really.
I don't yet know what to say. There must be some kind of way out of here, said the Joker to the Thief.