Yesterday was one of those days that will be etched into financial history for the next 50 years.
A staggering $3+ trillion wipeout in the precious metals market occurred in just a matter of minutes—a "liquidity vacuum" that felt more like a glitch in the matrix than a trading session.
To put the scale of this carnage into perspective:
Gold plunged 9% from its $5,600 peak, its most brutal single-day crash since 2013.
Silver suffered a "capitulation event," cratering 26% to fall below $87 an ounce—its worst massacre in over 15 years.
In one afternoon, the value erased from these two metals alone was roughly equivalent to the entire global Crypto market cap.
Whether it was the "Warsh Effect" following the Fed nomination or a massive deleveraging of overextended positions, the "safe haven" just became the eye of the storm.
