Goldfisher, is this how it typically plays out?

1) a heavy Fed auction pushes POG down, and

2) POG tends to recover quickly after the auction is over

I haven't followed this activity, so i'm not familiar with this pattern. But if it is a well-established pattern, i'm eagerly awaiting fulfillment of item #2 of the pattern!

I guess that the effect of the auction on POG would depend on how well the auction goes? If there are not enough buyers, i would expect the POG to rise. Do you know whether it works that way in practice?

Regards