$PAXG The US government has started to shut down again, and whether it's the stock market or the cryptocurrency market, it's truly adding insult to injury! Not only has silver surged from 80 to 120 in a month and then crashed back to 80. Gold $XAU has also dropped from a high of 5600 to 4900 with a single-day decline of over 12%, the largest single-day drop in forty years!!! It has even broken records, and I got completely wiped out... Considering information from various perspectives: 1. The previous increase was too large, and there was no deep correction, leading to a concentrated outflow of profit-taking, which can be seen as a reduction of the bubble? 2. Trump's nomination of Kevin Walsh as the Federal Reserve Chairman was the trigger for this crash. 3. Leveraged funds were forced to sell, and high-leverage positions were liquidated, causing a chain reaction. These three points should be the main reasons, but if you ask me whether gold and silver are worth buying in the long term, based on various perspectives, even historical data, and medium to long-term macro factors, gold and silver still have room for growth. In fact, because of this crash, it may have squeezed out the bubble, providing strong support for the next rise... I hope this time it won't be a mistake!!!
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