“We were looking back at the heavy fall, subsequently unwound, in gold the previous Monday in the so-called ‘flash crash,’ which took over $100 or just over 1% off the price.
At the time of writing, September Comex silver was trading at $23.93, up 1.16% on the day.
“The Bloomberg base metals index, for example, dropped by 5.6% between last Monday 16th and Thursday 19th August before a small rally towards the end of the week.
O’Connell projects that markets will remain uncertain until the Fed’s September monetary policy meeting, which will include the next round of economic projections from the central bank.