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REDDIT

The metals drop started BEFORE Warsh was announced

Z
Feb 1, 2026 · 23:52

I absolutely want this to emphasize this. All over the place there are articles saying the drop was after Trump announced the guy. But the drop started on Thursday, one day before. Say what you want about KW, but the first big red candle was on Thursday morning at the opening of the US markets. It was a 5-10% drop, followed by the Asians and finally the Europeans. GLD/SLV were falling for 12+ straight hours before we heard the president's pick for fed. Warsh DID NOT CAUSE THE DROP.