The Truth Behind Gold’s Wild Swings - Axel Merk

Kerry Lutz and Axel Merk reveal the real forces behind the recent drop in gold and silver prices, pointing to speculators and central banks—not retail investors—as the driving forces. Axel breaks down how dealer gamma amplifies volatility and explains why the chaos isn’t manipulation but market mechanics at work. They explore silver’s price surge, the role of industrial demand, and inefficiencies in the Bank of England’s vaulting system. The episode closes with practical advice for investors: stay disciplined, know your risk tolerance, and focus on long-term strategy over short-term noise.Find Axel here: https://www.merkinvestments.comFind Kerry here :https://khlfsn.substack.com and here: https://inflation.cafe    Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. .Get your copy here: https://amzn.to/4kuC5p5 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit khlfsn.substack.com/subscribe