Tarnished Gold

Without seeing the full article, I'm betting this is another analyst calling gold 'overvalued' or warning about a correction. Classic pattern. Every time we see headlines about gold being 'tarnished' or 'losing its luster,' it's usually from paper traders who don't understand the physical market fundamentals. COMEX registered inventories are still tight. Central banks added another 800+ tonnes last year. The dollar's structural problems haven't changed. At $2422, we're still in a healthy uptrend with strong physical demand underneath. These bearish calls typically mark local bottoms, not tops. Physical stackers know the difference between temporary price noise and long-term monetary debasement trends.