Gold's correction driven by speculative risk reduction.

Gold failed to live up to its reputation as a store of value in March, due largely to liquidation of speculative positions. As these clear, gold’s longer-term fundamentals should reassert themselves.

It’s been a little while since I wrote last, so my apologies if you’ve missed my work. For the past five years I’ve lived in the Persian Gulf region but in light of the Iran War, family encouraged my wife and I to exit. Between monitoring the war, doing my day job, and organizing to exit the region, I’ve not had much spare time.

I am making this article …