Last night saw mass liquidations across nearly all assets except the USD, and even then it barely moved rather than rally. However none got hit as hard as silver which saw nearly 15% falls, the biggest daily drop since the GFC. Both gold and Bitcoin were also off heavily, each by around 5%. We discuss why and also why the bigger picture hasn’t changed with one ‘smartest guys in the room’ buying $250m of Bitcoin.
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Silver & Gold Smashed And Why it Doesn’t Matter