Much talk of why…I suspect the banks were desperate to clear their short positions. I expect a rebound. Let’s see what happens.
Insights for Navigating an Uncertain World
Much talk of why…I suspect the banks were desperate to clear their short positions. I expect a rebound. Let’s see what happens.
🚨 GOLD AND SILVER BLACK SWAN.
— Bark (@barkmeta) January 30, 2026
Gold: -15%. Silver: -38%.
In the last 24 hours, $15T+ has been wiped out from Gold and Silver. That's half the GDP of the United States… GONE in ONE DAY.
We just witnessed the first Sigma-10 event in financial history. Mathematically, this… pic.twitter.com/LaMHVbQ68D
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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Made me laugh. There is something unsurprising about this.