๐น Gold fell from $5600 to $4700 ๐
๐น Silver dropped from $121 to $77 โ ๏ธ
๐น Platinum and palladium also crashed hard ๐ฅ
๐น Around $7T value erased in under 36 hours ๐
๐น Trigger was new Fed pick Kevin Warsh ๐ฆ
๐น Seen as rate hawk, strong $ outlook ๐ต
๐น Leveraged traders got liquidated fast โก
๐น Margin calls forced heavy selling ๐ฅ
๐น More policy shock than supply issue ๐ง ๐