I am an ignorant anonymous, I surely know less than you, but I am here to offer my analysis of what happened today.
**What happened today?** Everything went to shit: gold, silver, major ETFs went down and US bonds rose a bit.
**What does this mean?** The market received a necessary correction. After gold and silver rose savagely these days, a lot of last-minute leveraged money was absorbed.
I believe there are 2 key reasons for this drop:
1. **Options Expiration:** Today is the last Friday of the month and thousands of contracts were closed. With gold at **5,500 USD**, profit-taking was factual. Those who received physical or closed positions sold to take profits, and thus generated downward pressure.
2. **Trump's move with Kevin Warsh:** Trump nominated Warsh for the Fed. On paper, he is a "HAWK" (strong dollar, high rates, and low inflation). That's why the market ran to bonds and punished stocks/gold for fear of liquidity being cut.
**My opinion:** Kevin Warsh has been a critic of Powell in recent times and supported lowering rates not long ago. For me, Warsh is a puppet: they nominate him to hide that the Fed is no longer independent and that it will respond directly to the White House.
Under this thesis, when he comes to power in May, Warsh will dedicate himself to lowering rates and printing to fund spending. The dollar will continue to lose value, gold will continue its upward trend along with stocks, and US bonds will be negligible with the new rate (congratulations if you held emerging market bonds).
But if you don't believe me even in the worst-case scenario, boys: the decay of Fiat is not fixed with a change of names. Hold your equities and don't let yourselves be scared.