This week metal prices went ballistic, with gold on a rollercoaster.

This week's episode of the Decanted portfolio (#14) looks at why gold has surged and what's up with hot money flows, but also brings us to Hungary where Tokaj is a stellar sweet wine region.

SPONSOR => Pantarai ADAPT (ticker: ADPT)

Disclaimer: not financial advice. The episode discussed about wine, make sure you are of the right drinking age in your country before watching.

This is what we discussed this week on social media, on the back of the very volatile gold action:The big question is “why” exactly gold did sell off so much so fast after a crazy ride?

Sure, too much hot money has gone into gold too fast lately.

Negative sentiment on tech stocks and precisely Microsoft earning results with subsequent sell-off were the trigger.

But why would the latest marginal buyers of gold (buying high) would run away so fast in panic because of a tech sell-off on the back of good earnings overall? Is it the undisciplined retail flows chasing easy money (in gold) and suddenly regretting it? 🤔

And more subtly, who bought back steadily after?

Nervous markets, late cycle, expensive, in the middle of the USD debasement trade. Hard to imagine what can happen next.