We’ll know the reasons why it falls, after it falls. People always like to know “whhhhhyyyyyyyy?????”. Financials for example were bound to fall, smart folk got out, they did not need to know “WHY?”. They get the WHY? later...
Anything of value goes from undervalued, fair value, over valued, then back down. The parabolic growth angle in gold charts is a typical syndrome of people piling on to a winner.
I have no axe to grind with investors in gold, good for them. I never play woulda shoulda coulda with investing, as there is always something looking forward, to guy and prosper from. The market always gives us tomorrow to find some great opportunity or idea.
I’m just playing around and will use it to pay for a couple of vactions maybe. My money stays on Wall Street. You can get alot of currency traders riled up on this subject.