Gold Corrects Over 25%: Commodity Veteran Says $4,000 is the Floor, Long-Term Target at $10,000 - finance.biggo.com
Gold Corrects Over 25%: Commodity Veteran Says $4,000 is the Floor, Long-Term Target at $10,000 - finance.biggo.com
Source: finance.biggo.com
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DW NOTE
Gold fell 22.4% from its January peak of $5,318 — that's not a correction, that's a rout. The "floor" only exists if the conditions that drove the rally reverse permanently. They haven't. Real rates are still negative, the Middle East ceasefire collapsed three days ago, and the Fed is still printing while CPI runs at 4.3%. If $4,000 holds, it won't be because of fundamentals — it will be because enough people believe the same veteran's call.