Gold, Silver Prices Tumble Again. One Thing's Wreaking Havoc on Precious Metals. - Barron's

The usual suspects are at it again. Dollar strength and rising yields are pressuring paper gold, but this is noise for stackers. Physical demand hasn't wavered. Central banks added another 42 tons in September according to latest World Gold Council data. COMEX registered inventory sits near multi-year lows while open interest remains elevated. The disconnect between paper price action and physical fundamentals keeps widening. Silver's getting hit harder due to its industrial component, but the gold-silver ratio at 64:1 signals opportunity. These selloffs create entry points for those building positions. The underlying monetary debasement story hasn't changed. Physical metal doesn't care about algorithmic selling.