Since reaching an all-time high of just under $5,600 in late January, gold has fallen to within the $4,400 range by late March. Paul Wong, market strategist at Sprott, released a special report discussing the precious metal’s recent pullback: Why Gold Has Fallen: A Liquidity Story, Not a Broken Thesis. Investors have long seen gold as a safe haven amid market volatility, though its recent fall counters that narrative. In the Sprott special report, Wong argued that this is a classic “liquidity story.” A story in which gold’s sell-off is driven out of necessity rather than conviction. The primary driver of the most ... (full story)