acemaxx
The best explanation is that #gold is a crowded #trade. As with stocks, what went up the most in the months preceding the war #fell the most as investors pulled back - chart @wsj.com
Mar 23 at 6:49amWeb
Show threadbgMar 23
@acemaxxanalytics
Here it is said that physical gold is bought at extreme speed while paper gold is sold and why the price is sinking: https://no01.substack.com/p/march-19-21-god-is-a-comedian. Is this true and how to make sense ?
March, 19-21: God is a comedian

A stiff drink is recommended

Gold and Geopolitics
Show threadacemaxxMar 23
@bgmastodon
I did not read the substack entry, but:
The claim that this explains falling prices—or implies something “broken” or conspiratorial—is mostly overinterpretation.
A more accurate framing would be:
Gold prices are driven by financial flows; physical demand affects spreads and premiums, not the primary price in the short run.