Gold fell about 25% to around $4,000, and the easy read is that gold broke. It didn’t. The plumbing did. Three of the four pillars that held the market up have cracked this year — the fourth, the one nobody trades on the Fed, is the only reason a correction hasn’t become a rout — and the chart now poses a sharp forward question the structure can’t fully…
Gold: Wave 4, or Wave 4 of Something Much Bigger?
Gold fell about 25% to around $4,000, and the easy read is that gold broke. It didn’t. The plumbing did. Three of the four pillars that held the market up have cracked this year.
