If you only look at the price chart, you might think gold's bull market is over. But the gold ETF data tells a different story. Since February 2026, gold prices have fallen by about 16%, while total gold ETF holdings have declined by only 3%. That suggests this isn't a broad investor exodus. In a typical bear market, it's not just prices that fall—investors also sell aggressively and capital leaves the market. So far, the data doesn't point to that. ➖➖➖➖➖➖➖➖ @RezaMacroEdge
July 14, 2026 77
