https://www.goldrepublic.com/news/why-gold-prices-fell-in-2008
I thought about if Silicon Valley is more like Bear Stearns or Washington Mutual / Lehman bros? I have no idea but this link may have value for anyone thinking if this is the bottom or the start signal for pain for POG?
Silicon Valley seems like one domino amongst a handful of banks that also had their share prices trashed on Friday. Definitely looking at high risk of contagion, bank runs and a government less likely to use the word ‘bailout’ next week.
Interesting at very least for gold even if that means pain for several months
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