The Week Gold Tried to Throw Everyone Off the Train Last week’s gold price action was not for the faint of heart. We saw a brutal plunge from the mid-$4,700s down toward $4,450—followed almost immediately by a violent rebound that pushed prices back toward the psychologically critical $5,000 level. To the untrained eye, this looked like chaos. To experienced traders and long-term wealth protectors, it looked like something else entirely: a classic leverage washout. Nothing about the macro environment improved or deteriorated materially during the selloff. What changed was positioning. And positioning always matters more in the short term than fundamentals. This Was a Technical Flush, Not a Fundamental Failure Let’s be clear: The gold selloff was not driven by…
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