That's because unconventional policy actions, market events and the US Federal Reserve under Volcker increased the Federal Reserve’s funds rate from 13% to 20% for a short period in the first quarter of 1980.
The Hunt’s brothers silver market cornering failed due to their inability to meet a margin calls during falling silver prices in March 1980, exacerbating the fall of all precious metals.
Not to mention large banking institutions backed by the US Federal Reserve, shorting the market like they have always done up to now, with little or zero physical asset to cover their bogus positions for which they are now being found out. “LOL”
