If you woke up Friday morning long precious metals, you experienced something that will stay with you for the rest of your trading career. Gold and silver suffered the biggest sell-off in years, in a whipsawing reversal of a scorching rally that’s lifted prices to all-time highs. Gold dropped as much as 10% to crash through $5,000 an ounce, while silver slumped -30% below $80 as the sell-off swept through the broader metals markets.
To put this in perspective for equity investors, silver’s -30%...
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