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Nonconsensus · Aug 6, 2026

Glitter Is Back In Style

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Gold has quietly built a stronger foundation than many realize. With steady physical demand, limited new supply, and ETF positioning still subdued, it may not take much to drive the next leg higher.

While your faithful morning commentator usually is writing fresh each morning, every once in a while I have a little spare time and pull together chart decks a few days ahead of writing. In most cas…

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