Gold’s “Worst Month Ever” Is a Buying Opportunity

Gold’s “Worst Month Ever” Is a Buying Opportunity

From The Flying Frisby - money, markets and more by Dominic Frisby

April 1, 2026 · 5 min

About this episode

Dominic Frisby discusses the recent decline in gold prices and argues it presents a buying opportunity.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.com You’ve probably heard: gold has just had the worst month in its history. Given that gold is older than the earth itself, that’s quite a long history. What headline writers actually mean, even if they don’t know it, is that: in US dollar terms, gold just had its worst month since 1971, at a stretch 1789. But the US dollar is a bogus, fiat measure, and the sooner we start using constant money as our unit of account, the more truthful the world will become. Gold hasn’t changed. It doesn’t. What has swung, violently as ever, is the price of fiat. The move looks more extreme than it is because of where the month started. Gold began March near a high, around $5,400, and then sold off hard. A thousand-dollar swing sounds a lot, but after the run we’ve just had it’s not especially surprising. Indeed I would go as far as to say it’s normal. Here is a 3 year chart of gold to put the March move in some perspective. I’ve also added a very useful indicator - the 233-day exponential moving average - in red. 233 is a Fibonacci number, and with roughly 250 trading days in a year, the 233 EMA works out as…

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Host: Dominic Frisby

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Products: gold

Places: US

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