Call it the Post Powell Panic! After The Fed decided to do nothing at the FOMC meeting.
Gold is down -12% from the peak, trading below $5,000.
Silver is down -21%, trading below $100 for the first time since Friday, officially in a BEAR MARKET.
Rough night in the precious metals market space. An absolute BLOODBATH.
Is the top behind us?
Gold -6%
Silver -12%
Copper -4%
Platinum -13%
Palladium -11%
Trillions in market cap wiped out in a few hours.
Powell at The Fed FOMC meeting imitating former Fed Chair Janet Yellen. And Trump has nominated Kevin Warsh for Fed Chair who is expected to maintain Fed indepence.
Confounded Interest - Anthony B. Sanders 