The Real Gold Selloff Was Psychological, Not Financial
The precious metals selloff on the 31st January was severe by any standard.
Gold fell more than 13 percent, dropping several hundred dollars below $5,000 per ounce. Friday’s move alone marked the steepest single-day decline since 1983.
Silver was even more violent. Prices plunged roughly 34 percent, briefly trading below $80.
What made the move so jarring …
