Secular bull markets are not straight lines. They are, by nature, punctuated by corrections violent enough to shake out the majority of participants before the next leg higher begins. This is not a peripheral observation — it is one of the most consistent patterns in commodity market history, and it sits at the centre of every serious analytical framework for evaluating what the current gold selloff and central bank buying dynamic actually means for long-term investors. Understanding why gold falls during a structural bull market is arguably more important than tracking how far it falls. The two questions lead to ... (full story)