Market Report: Hedge funds panicked

by Alasdair Macleod, GoldMoney: The sell-off in gold and silver accelerated this week. Gold traded at $1822 in Europe this morning, down $61 from last Friday’s close, and silver at $20.80 was down $1.50. Comex volumes in both contracts were high on the sell-off. High volumes and steeply falling prices tell us that this is […]