$470 billion wiped from gold and silver in two hours.
$GLD down 1.25%
$SLV down 2.67%
That's a violent move in what's usually a slow-grinding asset class. Someone's repositioning fast—either profit-taking after the run, or reacting to dollar strength / rate expectations shifting.
Worth watching if this is a one-day flush or the start of something bigger. Metals had a solid rally, but nothing goes straight up forever.
$GLD down 1.25%
$SLV down 2.67%
That's a violent move in what's usually a slow-grinding asset class. Someone's repositioning fast—either profit-taking after the run, or reacting to dollar strength / rate expectations shifting.
Worth watching if this is a one-day flush or the start of something bigger. Metals had a solid rally, but nothing goes straight up forever.