Recently, I have written a lot of analysis about gold, and regarding the sharp plunge in precious metals last night, I naturally want to say a few words:
This wave of “epic” waterfall, in simple terms, is characterized by: large magnitude, rapid speed, and extreme volatility. Especially the more than 30% plunge in silver, which is a textbook example of a “thin market + high leverage” collective stampede in a short period.
Many people's first reaction is: has the trend come to an end? Personally, I lean more towards the judgment that—this looks more like a deleveraging shock triggered by policy
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