Buy and hold strategy requires being paid for that holding...

Buy and hold strategy requires being paid for that holding period so it doesn't make sense objectively speaking to be holding gold long term and only expect the value to preserve. I take it from the view of capital gains in commodity driven sector with any token dividends as a side effect. Not many would be holding BHP for instance for their dividends or riskless operations just because they are the largest miner in the world. One would be more likely to be holding CBA for this sentiment as a strategy.

That is a great short on gold and I was expecting congestion will take time to work its way through if it is meant to keep going. $1303 has to hold or else it would be the typical range bound price movement. I took cleared out of gold stocks and waiting for a deeper pullback to start looking again.