What Just Happened? Part 1: Gold and Silver Fall Hard

Gold and silver are being pulled down by a general equities bear market this morning. That’s not surprising, but the details are interesting. Some background:

Rush to get gold to the U.S. halts abruptly with tariff exemption

(Bloomberg) - A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the U.S. came to an …