The massive decline (crash) in the precious metals had (much) less to do with the nomination of Kevin Warsh as the next Fed Chief…and more to do with the “set up” which had taken place in recent weeks (which included a “buying climax.”
Don’t throw in the towel on the cryptocurrencies just yet.
When “forced selling” takes place in any market, it frequently has an impact on other markets before long. So, we could (and even should) see the recent pick up in volatility in the overall marketplace continue in the weeks ahead.
