>>20938155Do you know what does that mean? Big boys are in dire need for cash.
Anytime we see gold&silver crash alongside the markets, it's the big players ditching their paper G&S ETFs because they need liquidity to close their leveraged positions elsewhere FAST.
Since PMs are considered a safe bet by default, they tend to ditch it last, thus usually in the event of a 5% market contraction, G&S will go down let say 2.5%. But here it's more brutal than usual, meaning they really had to scrap all they got to cover their others positions. Too much leverage everywhere, any friction in the markets is sending shockwaves.
The past 2 months in the stock market were fucking unreal, tickers were unironically more volatile than the worst shitcoins, with up&down of 10% in a session's day.
To put it in perspective, in 2024, the average DAILY volatility delta is higher than the annual volatility during the early 00s.
It's pure nonsense. Hell, just the idea of hedge funds selling supposedly silver-backed ETFs with a x403 leverage compared to the physical counterpart to deleverage even more ridiculously leveraged positions on hype-stonks with a P/E of 50+ who have no ground whatsoever in reality (nvidia's net income in 2022 was $9B, for a stock who is now valued a twice the TOTAL listed chineses companies worldwide) is just... i don't even have the words to describe such clownish kikery.
