Firstly, regarding the POG, the price appears to be pegged to...

Firstly, regarding the POG, the price appears to be pegged to the 10yr yield & the USD at the moment. The yields spiked and both gold and silver dropped at the same time. The bullion banks appear to be running an algorithmic trade here because look at the insane volume, over 308K in volume on settlement on monday which is almost 50-100x leverage to the actual physical gold that will be delivered. This kind of leverage trade multiples of an underlying asset is simply manipulation. Similar to how the CDO & synthetic CDO instruments traded during the GFC.



Regarding credit suisse, they announced that they could be incurring some big losses, because Archegos the hedge fund client of theirs defaulted on BIG MARGIN CALLS. Credit Suisse seized control of the securities under their account and liquidated them with violent velocity. Not all hedge funds, institutions, pro investors get it right and when you trade on leverage (margin) you open yourself to massive losses. I think it should be illegal to trade on margin. That is going to spook the market aswell, many are still burnt and have memories of the financial services sector death spirals during the GFC. A head fund collapse It is usually the indicator of some bad flow of effects, like the two hedge funds backed by Bear Sterns collapsed which was the first indicator of trouble and ultimately the demise of Bear.

Regarding MAG, Not sure what your investment strategy was at the time to have bought them, did you do any FA research? As a general rule of thumb, you would have to have an underlying basis and form a view on valuation. Then compare the current Market Cap against your valuation, if you think there is longer term upside then just ride it out. If the SP drops it only means that you could have bought cheaper and you have a chance to average down. That is normal. You can't expect everything you buy to only move up. I have no comment on them from a share trading perspective, those that were only in it from a short term trading perspective just got caught in a bad trade.