Gold and silver plunge; $1.1 trillion evaporates in nine hours. On the chart, gold drops from above 4,300 down to around 4,150, while silver falls from 64.5 to 61. Both on the same day and in the same rhythm, they’re being hammered downward—most likely the retreat of the same batch of funds. The profit-taking positions built up over half a year of gains get stampeded the moment there’s even a hint of trouble. Is this a pullback or a turn for the worse? The key is whether it can hold its ground. Don’t rush to buy the dip, and don’t rush to short either.