Why gold and defense stocks sold off as war broke out - Reuters

Classic paper gold behavior when geopolitical events hit. The initial spike gets sold into by algorithms and weak hands who bought the headlines. Defense stocks falling alongside gold tells you this wasn't about safe haven demand - it was about liquidity and profit-taking. Meanwhile, central banks keep accumulating and COMEX registered inventory stays tight. Physical premiums didn't collapse with spot price because real buyers understand the difference between paper volatility and actual supply constraints. These selloffs create better entry points for stackers who focus on long-term wealth preservation rather than trading war headlines.