| When Bridgewater's Ray Dalio increased his gold allocation in Q4 2023, he noted something crucial: "History shows that assets you might not want to own are typically the most undervalued." The current conflict between institutional positioning and public attention suggests we're at a similar inflection point.
Consider Stanley Druckenmiller's legendary 2003 gold trade…
He spotted the same pattern—institutional accumulation amid public indifference—and turned $200 million into $1.2 billion.
The Media’s Blindspot and “Brown’s Bottom” Moment
In 1999, Britain announced it was selling most of its gold reserves, when the price was $252 per ounce.
This became known as "Brown's Bottom," after then-Chancellor Gordon Brown, and marked the start of a 12-year bull market.
Today's media silence on gold feels eerily similar to that moment.
Every major shift in wealth happens when the public is focused elsewhere. The signs suggest we're watching one unfold right now.
While the media obsesses over AI and tech stocks, something unprecedented is happening in the gold market—and even veteran traders are missing it.
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