I was stupefied at what I was reading. A Bloomberg article earlier this month reported that JP Morgan and Citibank were significantly reducing their gold positions or closing them out entirely.
Gold & Silver Volatility Near Record Lows — Guess What Comes Next?
As precious metals investors know all too well, gold and silver prices haven’t moved much for the past 5+ years. And along with that stagnant price environment has come low volatility.