silver/gold/stocks all getting increasingly more volatile is the best possible marketing for crypto
any asset that enters the attention age will become increasingly volatile as the world gets more connected and thus more reflexive
"crypto is too volatile" not an excuse anymore

BREAKING: Silver prices fall nearly -10% in 30 minutes and officially drop back below $76/oz.

The Kobeissi Letter

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

Written by: Mahe, Foresight News
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