Gold's Next Move Has Nothing to Do With What They're Telling You

Taylor Kenney breaks down what the financial press won't tell you: the paper gold market is in a forced liquidation spiral driven by margin calls, thin Asian-session liquidity, and computer-triggered sell-offs. Meanwhile, physical gold is leaving the vaults. Demand is up. The paper price is down. If that contradiction doesn't make you ask harder questions, nothing will.

The structural thesis that's been driving central bank gold buying since 2022 hasn't changed. It's accelerated. The same nations that watched Washington freeze $300 billion of Russia's reserves are still quietly stacking physical. They're not trading rate expectations. They're positioning for a world without dollar dominance. And they don't care what the spot price says this week.

Four of the ten worst weeks for gold in recorded history happened in the 1970s. One was 2008. Another was March 2020. Each time: violent selloff, then new all-time highs. 2008 saw a 178% rebound in three years. But today's system carries more leverage, more sovereign debt stress, and more geopolitical fracture than either of those moments.

The paper is being sold. The physical is being held. Who's right?

About ITM Trading: ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.