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The recent crashes in Gold and Silver are still fresh in the market's collective memory.
Recall, as we wrote yesterday (Monday, Feb 2):
On Friday (Jan 30), Gold (XAUUSD+) saw its biggest intraday decline since the early 1980s
Also on Friday (Jan 30), Silver (XAGUSD) posted its biggest-ever intraday decline!
Today though (Tuesday, Feb 3), both these precious metals are rebounding as market participants enter to "buy the dip" (one of 2 strategies we highlighted in yesterday's article that can be used to take advantage of falling prices).