Gold price slips but heads for weekly gain. Iran, inflation, Fed are pulling precious metals - MSN

MSN calling a minor dip a "slip" when gold is still up on the week is exactly the kind of misdirection you get from mainstream media. This isn't a slip, it's market noise after a strong move, giving the paper peddlers something to talk about. The real story is gold's continued underlying strength despite their best efforts to hold it back. Don't fall for the narrative.

Gold is currently holding at 4751.37 per oz. Even with today's minor adjustment, we are comfortably above where we started the week. The so-called "pulls" from Iran, inflation, and the Fed aren't pulling gold down; they are the fundamental reasons it is heading higher in the first place. The market is absorbing these factors, not collapsing under them. Silver is strong at 76.2 per oz, keeping the Gold/Silver ratio at a healthy 62.4:1.

Keep your focus on the bigger picture. These temporary pullbacks are opportunities, not reasons for concern. Watch for continued attempts to cap the paper market on low volume, but understand that the physical demand and relentless currency debasement are the true drivers of your stack.