Gold price slump tied to crunch, not fundamentals: Sprott - Mining.com

Eric Sprott calling out the obvious here. When gold drops on technical selling while central banks keep buying hand over fist, that's not fundamentals talking. That's leverage unwinding and paper position management. COMEX registered inventory sits near multi-year lows. The Shanghai Gold Exchange premium tells the real story - physical demand remains rock solid. These manufactured dips are gifts for stackers who understand the difference between price discovery and actual metal availability. The fundamentals haven't changed. Currency debasement continues. Geopolitical tensions escalate. Real rates stay negative when you factor honest inflation numbers. Stack the dips.