Want to dump your gold and silver this morning? Before you do, check out this video from one of my favorite YouTube channels. After all, with demand for physical in liftoff and prices crashing, we're experiencing a market (or market illusion) unlike any that the econ textbooks predict. What does it mean?
In the end, I guess it means something different for each of us. A highly leveraged trader is in trouble, or perhaps kicked out of his trade already. A long-term accumulator may be in a very different situation. "Look! It's on sale!"
The real question is, what does it mean to you?