New PostLooking much like the 2008/9 washout. Conditions much different , but the panic selling about the same. At that time gold fell from its recent high by about 30%. And then went on a tear for a couple years and tripled from that low to an all time high.
I sure wouldn't want to be the Federal Reserve right now. Looks like they aren't slaying general inflation very quickly, but have been very successful in wiping out most of the pandemic induced stock market frenzy in America.
Good to see that the volume for EDV was relatively low, so not a washout there. With GDX down so much, much of the selling would have been from GDX.