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{PREMIUM} Gold's Beatdown Yesterday Was A Once-in-63-Years Statistical Anomaly With Zero Fundamental Justification Designed With A PurposeIt was a calculated, brutal, and stunningly effective attack on the gold market.
H/T ALEXANDER STAHEL FOR CHART
Yesterday, the gold market experienced a statistical anomaly of epic proportions. The price of gold plummeted by over 6%, a violent move that, according to statistical analysis, represents a 5+ sigma event.
In plain English, this is a move so rare that it should only occur once every 63 years. It was a calculated, brutal, and stunningly effective attack on the gold market and the collective psyche of global investors. And it was all a lie.
A Statistical Impossibility by DesignYet, to only call this a 5-sigma event is to fundamentally misunderstand the nature of the battlefield. In a normal, free-trading market, a 5-sigma event is a statistical ghost; so rare that it’s practically impossible, with odds of occurring less than 1 in 3.5 million.
But the gold market is not a normal market; it is a battleground and there is a war raging.
This was not a random fluctuation driven by massive fundamental news; it was a targeted, algorithmic assault on the paper market, designed to trigger a cascade of stop-losses and forced liquidations. And it was successful.
The goal was to create a price waterfall so violent that it would permanently scar the psyche of any investor around the world who was on the wrong side of it, ensuring they would be too terrified to re-enter the market for months, if not years.
There was no news. There was no fundamental justification. There was no structural change to the overwhelmingly bullish macro-economic backdrop that has been driving gold (and silver) higher for the past year plus.
Let’s dig into:
- what didn’t happen yesterday
- the anatomy of a shakeout
- the inevitable FOMO driven blow-off top
- zooming out to truly see the big picture
- and more…...
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