Gold and silver both tumbled Monday following news of hope in the US-China trade talks. A bearish COT report signaled a drop even before the trade talk news as we reported last week. We didn’t expect the drop to happen so soon, or so quick. Once again, the market proved it always has the final say in these things.
But drop it did, and those of you who positioned yourself correctly made some nice, fast money. So now of course, Goldman Sachs, our favorite Vampire Squid, comes out on both sides of the table.