Monday, March 23, 2026

Gold Just Crashed 20%. Most Traders Still Don't Know Why.

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Gold Just Crashed 20%. Most Traders Still Don't Know Why.

By Prof. Jeffrey Bierman, CMT


Hey trader,

Gold isn't the investment you think it is. In fact, it's the worst-performing asset class of 2026. 

It's fallen harder than bonds, stocks, and crypto.

In less than two weeks, gold suffered a 20% correction. Traders who rushed in to buy a war hedge are now staring at blown accounts.

They truly didn't understand the two forces that control the price of gold.

But by the end of this article, you will.

Every person who told me "if there's a war, I buy gold" learned the most expensive lesson of their trading career. 

They bought a bubble because they never understood what actually drives the price of gold.

Here is what those folks got wrong from the start.




Gold just lost 20% in under two weeks while traders were still buying the "war hedge." The macro forces underneath told you it was coming.

Meanwhile, I just locked in profits today on my short in Coca-Cola (KO) for a quick 3.3% gain, after hitting it big last month when I locked in 29.94% on my Devon Energy (DVN) trade.

I play both sides of the market because I built the algorithmic logic that powers Wall Street's trading machines at ThinkorSwim for over 7 million clients.

That technology is called the Genesis COG. It allows algos to fire off multiple orders simultaneously, hijacking stocks for hours at a time with virtually one-sided pressure.

When macro forces like rising rates and a strengthening dollar collide with a parabolic asset, those same machines accelerate the selling. The Genesis COG Scanner detects those structural shifts before the move hits the tape.

See how the Genesis COG Scanner works →



 

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Disclaimer: Neither TheoTrade.com  or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.

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Joint Force Comes Together for Special Operations Sniper Competition

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U.S. War Department: News
Joint Force Comes Together for Special Operations Sniper Competition
March 23, 2026 |  By Ken Kassens, U.S. Army John F. Kennedy Special Warfare Center and School

In a demanding test of precision, endurance and teamwork, 17 elite sniper teams participated in the U.S. Army Special Operations Command International Sniper Competition at Fort Bragg, North Carolina, March 15-19.

The U.S. Army John F. Kennedy Special Warfare Center and School hosted the competition, now in its 17th year. Special Forces sniper course instructors and leadership designed the various challenges and served as officials and scorekeepers. 
 
"This competition represents the pinnacle of the sniper craft," said Army Col. Simon Powelson, commander of the 2nd Special Warfare Training Group. "We have brought together highly trained teams from across the joint force and partner nations. These competitors are not just here by chance; they are the product of intense and specialized training within their respective units." 
 
The five-day event included special operations forces representing multiple allied nations with participants drawn from the ranks of Army Special Forces, Army Rangers, Naval Special Warfare Command, Marine Forces Special Operations Command and Coast Guard units.

Designed to strengthen interoperability and foster esprit de corps among partner forces, the competition featured a series of complex engagements conducted both during the day and under the cover of darkness that pushed competitors to their physical and mental limits. 
 
Throughout the week, sniper teams of two highly trained operators were evaluated across multiple ranges at Fort Bragg. Competitors demonstrated proficiency with sniper rifles, carbines and pistols, engaging at distances of up to 1,200 meters while adapting to constantly changing scenarios. 
 
The opening day set the tone for the grueling challenge ahead. Persistent thunderstorms brought intermittent rain and strong winds, forcing teams to contend with reduced visibility, slick terrain and unpredictable shooting conditions, adding a layer of realism for competitors. 
 
"The weather played a significant role," said Timothy Gozelski, the sniper course manager. "Our goal with the wind and rain was to make sure the visibility was the same for all the teams." 
 
In the following days, the weather cleared, but conditions remained poor. Temperatures dropped to 35 degrees, and variable winds swept across the ranges, complicating long-distance shots.

Competitors had to calculate wind speed and direction on the fly while maintaining communication and coordination with their teammates. 
 
"Good, clear, concise communication is a must," said Richard Cuza, a sniper course instructor. "It's beyond important; it's crucial." 
 
Each stage of the competition emphasized not only marksmanship but also teamwork. 
 
Sniper pairs had to locate, range and engage multiple targets in rapid succession, often while maneuvering between firing positions. Communication, trust and synchronization proved just as critical as shooting accuracy. 
 
"Being in sync with your teammate is equal in importance to communication," Gozelski said. "To be successful, the two have to talk and be on the same page in everything they do." 
 
Organizers emphasized the competition was more than a test of skill. It brought together international partners and joint force teams in a high-stress training environment. As a result, the event allowed competitors to build relationships, and it improved the joint forces' ability to operate seamlessly in real-world missions.

"It's awesome to have international teams competing," Gozelski said. "It helps with interoperability and being able to look at each other's equipment and techniques. It's not just about competing; it's about learning some things from our allies and how they operate. All the foreign teams are thrilled to be here. This competition helps us in expanding operational expertise." 
 
Cuza added that "it was great to have allies and teams from our sister services here. It will help us in working together and that's important." 
 
After five days of intense competition, the Army Special Operations Command team emerged as the overall winner, demonstrating consistent performance across all events and conditions. The Army's 3rd Special Forces Group team finished second. 
 
As the competition concluded, participants departed not only with sharpened skills but with stronger bonds between allied forces and sister services. 
 
"Most importantly, this competition is a powerful vehicle for building esprit de corps among an elite group of warriors who may one day serve alongside each other," Powelson said.

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