“Days like today separate the systematic from the speculative, the professionals from the punters. Trend followers will regroup, adjust positions, and continue executing their process. They’ve seen days like this before and they’ll see them again. Their risk management… designed for exactly this.”

Metals Meltdown: Why We Leave the Trading to the Professionals
Gold and silver just suffered a historic meltdown. Here’s what caused it, and why professional traders survive moves that crush retail investors.