Leverage liquidations trigger a "deep squat" in metals, with the metal market awaiting a complete reshuffle of speculative positions

Odaily Planet Daily News: Pepperstone strategist Michael Brown stated that the metal market sell-off that began last Friday continued into Asian trading hours on Monday, with gold, silver, and copper all experiencing significant declines. He pointed out that, similar to the previous rally, the current correction also exhibits the characteristics of “a sharp and rapid decline.” He added that the market is very likely to see a so-called “dead cat bounce” soon. However, from a long-term perspective, the bullish logic remains solid: central banks and retail demand are still healthy, and for investors seeking geopolitical hedges, precious metals will still be the preferred choice over the US dollar or US Treasuries. The key moving forward is whether the market bubble has been sufficiently deflated and whether speculative positions have been fully cleared, allowing the fundamentals to once again dominate price movements. (Jin10)