Gold Price Jumps After Losing Streak. Why the Slump Is an Opportunity, Analyst Says. - Barron's

Another analyst discovers what we've been preaching since 2008. Gold's recent pullback from highs was textbook profit-taking ahead of year-end, nothing more. The physical market tells the real story. COMEX registered gold sits near multi-year lows while central banks keep buying. China added another 5 tons in November. The fundamentals haven't changed. Dollar strength is temporary. Inflation expectations are building again. Smart money uses these dips to add weight. At $2453, we're still in a massive bull run that started when the Fed pivoted dovish. The slump wasn't a problem to solve, it was an opportunity to stack. Always has been.