Volatility had surged to its highest level since 2020, and speculative call buying had exploded to record levels. When everyone’s on the same side of the boat, the market usually reminds us who’s in charge.
Sure enough, Gold sold off hard the next day.
But this is no reason to panic - because context matters.
What just happened isn’t a breakdown. It’s a breather inside one of the strongest uptrends in history.
And while the yellow metal might digest gains for a while, the bigger story is what comes next…
When Gold takes a break, capital often rotates into other corners of the precious metals space - and that’s exactly what we’re watching unfold right now.
Let’s break it down.
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