Gold is pulling back.
The bigger question isn't why gold is falling. It's where that capital goes next.
Some money is moving to the sidelines, waiting for better opportunities and clearer market direction. Some is chasing new narratives, with attention continuing to build around the upcoming SpaceX IPO.
And if history repeats, a portion of that capital eventually finds its way back into risk assets once cycle bottoms begin to form. That's what we are trading.
Markets move in cycles. The investors with patience are usually the ones positioned when the next trend begins.
#gold #investor #crypto
