Gold & Silver Extend Losses - Biggest Drop Since 2013

Submitted by Tyler Durden on 01/29/2015 12:31 -0500

• Precious Metals

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Because nothing says dump gold and silver like an aggressively escalating currency war...

Once again the US-Europe crossover period is the witching hours for Precious Metals...

But as soon as Europe closed,. gold and USDJPY decoupled dramatically as the pair-trade-that-nobody-talks-about rolls on...

As it seems losses escalated after the European close... and as Oil flushed below $44

Margin calls? Or maybe the status-quo just cannot stand the outperformance...

Charts: Bloomberg

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