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Myrmikan's Dan Oliver: Time makes gold's correction look puny so ignore it
9:16p ET Tuesday, June 16, 2026
Dear Friend of GATA and Gold:
In his new letter this week, Myrmikan Capital's Dan Oliver examines the recent "correction" in the gold price and concludes that while it is jarring, it is barely visible on a long-term chart.
He writes: "We think that the financial system is more precarious than ever, not just the stock and bond markets but especially the sovereign debt markets. We expect that volatility will continue to increase; we think trading through that volatility will become increasingly difficult; and we think all realistic roads lead to a much higher gold price, which gives us the fortitude to ignore sharp dislocations in price."
Oliver's letter is titled "Correction" and it's posted in the clear in the PDF format and the Myrmikan internet site here:
https://www.myrmikan.com/pub/Myrmikan_Research_2026_05_15.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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