Post Powell Panic! Gold And Silver Crash Following Fed’s Decision To Do Nothing

#bubble, #inflation, Banking, Cryptocurrencies, Economy, Gold, Silver, Treasuries, Treasury, Uncategorized, Volatility, Yellen 1 Minute

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.

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Published by confoundedinterest17

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