If I had told you that Israel and Iran went to war and escalated that war throughout this past week, I am sure you would have expected gold to have rallied quite strongly. Well, the truth is that gold ended the week lower than where it sat before the start of this war. So, if I had told you what the news would be before this past week began, I am quite sure that each and every person who erroneously believes in the mechanical paradigm of our financial markets would assume that gold should have had one of its best weeks in 2025. But, clearly, that was not at all what the market experienced, as we saw the exact ... (full story)