This, and if the dollar weakens because the world realizes how much in debt we are, (this debt will accelerate since these higher rates are going to surge our national debt), $1300 gold is not a crazy idea. That is where I am looking to possibly slowly accumulate gold intentionally again. $1200 was my old threshold, but it has to go up long term to some extent if only for salaries, benefits, etc.
That little tiff in Eastern Europe is ,IMO, a big wild card. If investors believe it's going towards electricity free Popcorn and tan lines there might be a panic out of the Euro and into USD. And they may not care what our debt is if they use USD to pile into the dow.
The world has more debt than the U.S. Gold trades off real interest rates and other variables and is probably oversold right here.