đš $12 TRILLION GOT WIPED IN 48 HOURS â HEREâS WHAT REALLY BROKE THE MARKET
This wasnât ânormal volatility.â
This was a forced unwind across metals and equities at the same time.
The damage:
đ„ Gold: â16% (â$6.3T)
đ„ Silver: â39% (â$2.6T)
đȘ Platinum & Palladium: â$345B
đ Equities: â$3T+
Thatâs more than the GDP of Germany, Japan, and India combined.
What snapped?
1ïžâŁ Metals were insanely stretched
Silver printed 9 straight green monthly candles (never happened before)
Up 3x in 12 months for a $5â6T market
Gold went parabolic on rate-cut hopes
Thatâs not sustainable. Tops were forming.
2ïžâŁ Late money + leverage flooded in
Retail piled into leveraged futures, not physical metal.
Narrative: âSilver to $200.â
Positioning became crowded at the exact top.
3ïžâŁ Liquidation cascade kicked in
Price dipped â margin calls â forced selling â more downside.
Silver didnât fall â it collapsed (â35% in a day).
4ïžâŁ Paper market cracked
Paper-to-physical ratio: 300â350:1
COMEX crashed while physical silver stayed elevated
(US $85â90 vs Shanghai $136 đ)
5ïžâŁ Margin hikes poured gasoline
Exchanges raised margins twice in days, forcing instant liquidations.
6ïžâŁ Fed clarity killed the hedge trade
Kevin Warsh momentum =
âïž Rate cuts
â Unlimited liquidity
That removed a key pillar for gold & silver.
Bottom line:
This was NOT a demand collapse.
It was:
Extreme overextension
Excess leverage
Crowded longs
Forced liquidations
Margin hikes
Sudden policy shift
đ Classic blow-off top behavior.
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