Gold, Silver Tumble Again. One Thing Is Wreaking Havoc on Precious Metals.
Classic paper market overreaction. Gold drops 2.9% because Iran tensions ease? Please. Physical demand from central banks hit record highs last quarter while COMEX registered gold sits near multi-year lows. This selloff is algorithmic trading and leveraged specs getting flushed out. The fundamentals haven't changed - currency debasement, geopolitical instability, and supply constraints remain intact. Smart money uses these paper-driven dips to add physical at better prices. Watch the premiums on coins and bars - they'll tell you the real story while futures traders chase headlines.