Tumbling gold price puts ‘haven’ status in doubt - Financial Times

The Financial Times misses the forest for the trees here. Gold's recent pullback from highs isn't questioning its haven status - it's creating better entry points for stackers. COMEX registered inventories remain tight while central banks continue their buying spree. The paper markets can shake out weak hands all they want, but physical demand fundamentals haven't changed. Every correction since 2008 has been followed by higher highs. The gold-silver ratio at current levels still favors silver accumulation, but gold under $2600 is a gift. Haven status gets tested during volatility, not questioned by it. Smart money uses these dips to add weight.