Tengo que decir la experiencia @BanreservasRD, fue fatal. Y yo he tenido tanta paciencia; incluso cuando su cajero automático no dispensa dinero cobrando igualmente, o cuando bloquea injustamente por error del sistema, y que decir de el servicio? Asistencia? Total incompetencia..
Friday's 26% crash in silver and 9% drop in gold has everyone asking if the debasement trade is dead.
It's not even close.
The selling continued today. Gold fell to $4,544. Silver dropped to $76.
Total damage from Thursday's highs: Gold down about $1,060 (≈19%) from $5,608. Silver down about 37% from $121.
The algorithms sold on a name: Kevin Warsh.
Wall Street's narrative was simple. Warsh is a "lifetime hawk." Hawks raise rates. Hawks defend the dollar. Hawks kill gold.
But did anyone actually listen to what Warsh has been saying?
In his Fox News interview with Larry Kudlow - the one that likely got him the job - Warsh said this:
"Why can't we take the target rate from 4 to 2? So we can lower interest rates a lot, and in so doing, get 30-year fixed-rate mortgages so they're affordable."
Read that again. The "hawk" wants to slash rates by 200 basis points into a "booming" economy.
That's not hawkish. That's pouring gasoline on a bonfire.
He also said the Fed needs to "take their balance sheet down and redeploy that money to Main Street."
Mechanically, that's incoherent.
äYou can't shrink the balance sheet AND redirect that money. The money gets destroyed in quantitative tightening.
The bond market noticed the contradiction.
The 2-year Treasury yield FELL after the Warsh announcement. If traders believed he'd be hawkish, yields would have RISEN.
Instead, futures priced in MORE rate cuts.
The bond market thinks Warsh will cut aggressively. And why wouldn't he?
He just watched the DOJ serve Powell with grand jury subpoenas. Criminal investigation. All because Powell wouldn't cut rates fast enough.
Warsh's worst nightmare is Trump turning on him the same way.
More rate cuts + sticky inflation = the debasement trade accelerating, not ending
Now let's put the carnage in perspective:
Silver's crash - the worst since 1980 - took prices back to mid-January.
Gold's plunge? Back to January 22nd. Ten days of gains.
The rally was so extreme that this bone-jarring drop barely scratched the surface.
The structural accelerants are everywhere.
China suspended trading on five commodity funds. The premium on one silver fund had hit 60% over NAV. The CME hiked gold margins to 8% and silver to 15% - effective today.
When the exchange demands more collateral, forced selling begins.
This was leverage unwinding. Hot money getting flushed. Tourists carried out on stretchers.
The structural case hasn't changed.
The US borrowed $602 billion in just the first three months of fiscal 2026. $7 billion per day.
Interest on the debt hit $1.2 trillion annually.
Central banks see what's coming. Global official gold reserves now exceed foreign holdings of Treasuries for the first time since the 1990s.
The debasement trade isn't about who chairs the Fed.
IT'S ABOUT MATH
And if Warsh actually executes the plan he outlined on Fox News - slashing rates to 2% - gold at $4,500 is going to look like the bargain of the century.
But don't rush to buy the dip.
The metals got way overbought. Recent momentum buyers who piled in with leverage may still be forced to puke. No telling how far down this goes.
Let the market tell you where the bottom is. Then buy.
And when you do - favor the equities over the metals. The miners have lagged badly and offer better risk/reward from here.