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Stock impact report

5 market pros outline why investors shouldn't buy the dip in gold and silver after their epic crash [Business Insider]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Have an account? Log in Gold and silver prices were still struggling for direction after last week's historic sell-off. Experts predict more volatility ahead for both precious metals. Pros advise caution, noting that the path ahead is difficult to predict. Gold and silver prices ended last week deep in the red as a historic sell-off swept the market on Friday, and market experts say the plunge isn't necessarily a moment to buy the dip. The reaction to President Donald Trump's nomination of Kevin Warsh to lead the Federal Reserve sparked chaos, with silver down more than 30% and gold falling more than 10%. Metal markets remained volatile as traders returned from the weekend on Monday. While a 36% drop in the price of any asset might seem like an opportunity to buy, analysts and commentators urged caution ahead of what's likely to be a volatile stretch. Katie Stockton, a technical analyst and managing partner of market research firm Fairlead Strategies, told CNBC that she Show less Read more
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