A 900‑Meter‑Deep Mineral System Comes Into Focus
Gold and silver markets began to stabilize following a steep correction that unsettled investors. On February 2, Yahoo Finance reported that gold hovered near US$4,700 per troy ounce after falling more than 9% the previous Friday, while silver futures dropped to around US$76 per ounce, down more than 25% over the same period. The sell-off was attributed to President Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair, along with forced liquidations and margin calls. Tom Essaye of Sevens Report Research commented that “the dam broke,” and said the parabolic moves seen over the prior weeks “were unsustainable.” Nancy Tengler, CEO and CIO of Laffer Tengler Investments, described the volatility as “a little bit disturbing” and advised investors “to move aside and wait for things to settle,” adding, “I would just stay away from this trade because it turned into a momentum trade.”
Source: https://www.streetwisereports.com/article/2026/02/05/a-900-8209-meter-8209-deep-mineral-system-comes-into-focus.html
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