The macro backdrop screams "buy gold." The price action says otherwise. We dig through Turkish liquidations, fading demand and one very strange demand vacuum.

Correction, Consolidation, or Something Different?

The macro backdrop screams "buy gold." The price action says otherwise. We dig through Turkish liquidations, fading demand and one very strange demand vacuum.

Gold was supposed to thrive on fear. Instead, some of the biggest VIX spikes in recent months have coincided with aggressive gold selling.