‘This doesn’t seem like a store value… How are we supposed to trade this?’ – Phoenix Futures’ Grady on gold’s shock selloff

(Kitco News) – Precious metals markets were reeling on Thursday afternoon in the wake of one of the most dramatic and sudden selloffs ever seen, after gold plunged $380 – nearly 7% – in just 28 minutes, while silver prices fell an astonishing 11% in the same timeframe.