The Great Metals Crash of 2026: What 140 Years of Data Predicts Happens Next . This may surprise!

Ah, there you are. Hello, my name is

Clive Thompson. Today is January 31st,

2026. It's Saturday.

Yesterday was Friday, often known as

Smackdown Friday, and what a smackdown

it was for precious metals. It was a day

of historic proportions. We witnessed a

bloodbath in the metals market. So today

I'm going to be talking about that. I'm

going to be telling you what caused it

and why people might have got it wrong.

I'm going to tell you what comes next or

at least what might come next based on

historical precedent.

So let's just go back a little bit and

talk about what's been going on

historically. After a spectacular

year-long rally that saw gold and silver

smash record after record on Friday,

Smackdown Friday as I sometimes call it,

the bubble didn't just leak. It burst

violently.

Gold, silver, platinum, and palladium

all plummeted in a sell-off that has

left investors breathless and asking

themselves two questions. Why did this

happen and what comes next?

So, let's start by just looking at the

chart of this bloodbath. So, I'm going

to bring the browser up and we'll have a

look at that. So, let's go to gold to

start off with.

Here you see the huge collapse in gold.

This is a daily chart going back to

September last year. Uh you can see in

September last year the price was 3,300

and something. It rose quite slowly to

start with until it was past the $4,000

mark by about um dis early December and

then it accelerated in December,

crashing through the $5,000 mark without

even stopping. Went all the way up to

nearly 5,600. Uh might have might have

touched 5,600 with depending on which

chart you're looking at. uh and then

slipped a little bit and then we see on

Thursday, but Friday, look at that drop.

Gold was down 8.99%

ending up at $4,89359,

a drop of 8.99%, call it a drop of 9%

for simplicity. And the futures, the

nearated futures fell even further. They

finished at about $150 below the spot

price. Uh down $69 on the day or 11.39%.

Silver fared even worse. Spot silver was

down an incredible

26.44%.

I think I've got to repeat that. 26.44%

44% down in one day or $30 odd dollars

$305 in a day. But the futures, the

nearated futures down $35.90.

That's more than silver was worth 6

months ago. That was a drop of $31.37%.

Nearly a third of its market value was

knocked off in one day.

Platinum didn't fare any much better,

down 17.2% or uh finishing at 2150 and

palladium down 16.25

ending at 1682.

In Shanghai,

the

futures price dropped $21

or or 16%. But I think we can't look at

any of these prices and regard them as

real because these prices are going to

bear no resemblance to what we see on

Monday. On Monday, we might see a fall

further fall or we might see an

extremely strong rally uh and the prices

you're seeing in coin shops and the

prices you're seeing uh in different

countries and different places are all

over the place. So take really you have

to take no notice of these prices other

than to get the direction uh which has

been down.

So today we're going to look at what the

impact of these falls could be on the

stock market, what they could do to

Bitcoin and what history teaches us

about what's going to come next. Now

I've conducted a deep analysis this and

I've started very very early this

morning and it's now um 7:00 over 7:00

in after 7:00 in the evening in Europe.

Um so I've been doing this all day. Um,

I've conducted a deep analysis of every

major stock market crash going all the

way back to 1885 to see what happens

after a day like yesterday. And I've

also looked at all the previous crashes

in gold and silver to see what might

happen next. And I'm going to be telling

you that shortly. The results might

surprise you or they might not. But

let's get into it. First,

let's get a handle on the scale of this

collapse. As you can see on the chart

looking at the gold price, the the rally

was nothing short of parabolic. In 2025,

gold surged 66%

and silver was up an incredible

135%.

Then just before the crash, gold was

flirting with $5,600

and silver had soared past $120

and then the floor gave way.

Let's have a look at the damage which

was done on Friday, January 30th,

yesterday.

So here we see the very very large drops

in prices of the futures. 31% go silver

11% gold platinum 18% and palladium down

nine. And the spot prices were also down

very very sharply.

Now moving on. This obviously wasn't a

minor correction. It was a violent

unwinding of one of the most crowded

trades in the market.

The ETFs that track these metals also

fell and felt the full force of the

blow.

The popular iShares silver trust at the

symbol is SLV

lost 31%

of its value even more than the spot

price of silver.

And again, don't take that as being

representative of the net asset value.

Um things were moving so fast it may be

above or below the net asset value of

those shares at the moment. We'll find

out on Monday as thing as as prices well

we don't know prices are probably going

to move very fast on Monday one way or

the other. Um so I'm not going to say

which direction other than I'll tell you

what I think in a minute. Um but we'll

get to that. But another one which

really really hurt was the ProShares

Ultra Silver Fund

that cratered by over 62%.

So beware of leveraged funds. They can

move far further and far faster than you

can imagine. It was one of the worst

days on record for both.

So what happened? Why did the market

suddenly panic and sell all its gold and

silver?

Well, President Trump announced his

nomination of the next chair for the

Federal Reserve. His name is Kevin

Walsh.

He was a former governor

and he has been seen as

uh a sound money person because of the

fact in 2011

he resigned from the Federal Reserve.

Why? Because he didn't agree with the um

quantitive easing QE2 it was known as at

the time and he felt that this would be

inflationary.

So you can see based on that a lot of

people see him as a hard money man. But

I think you're going to find out a lot

more this weekend and on Monday. Uh

because

looking at some of the things he's said

since um my conclusion and I won't go

into too many details here, but my

conclusion is that he's a person who

tends to follow whoever is in power at

the time. and he has made some

statements um which you can read about

if you Google it but they make me think

that he's not at all going to be uh

hawkish uh but rather could well be very

dovish and support lowering of interest

rates something which even President

Trump has said he expects that he will

be lowering rates he Trump says he

agrees with him that rates should go

lower

but that's not how the market saw it on

Friday because they didn't know that.

They perhaps hadn't got time to read up

on him. But I think you're going to find

out that uh that that view that they

employing somebody who is uh um going to

defend the Federal Reserve as was seen

back in 2011 uh defend the independence

of the Federal Reserve. Perhaps uh it's

not all that it seemed at first sight.

Um that's just my opinion. We'll see

what the papers and um TV channels make

of it over the weekend.

Anyway, his appointment had an immediate

and powerful effect on the US dollar.

Let's have a look at that now and see

what happened to the dollar. So, I'm

going to bring up the DXY.

The DXY is an index of

a basket of currencies. Now last year

the

to just make that fit on the graph here.

Auto fit. There we are. Last year the

DXY

that's the dollar index fell by about

10%. There we are from there to there on

that red line. And it started falling

just last few days until yesterday when

we heard about the appointment of Kevin

Walsh and the dollar rallied about 1%.

Now a stronger dollar means it will cost

foreigners more to buy gold. So it's a

contributory factor perhaps in the in

gold's fall. But of course what was

really going on in the fall was as it

started to plummet it triggered stop

losses. Stop losses are where someone

has said I'll buy some gold but if it

falls below a certain level I want this

to be automatically sold. Do not consult

me, just do it. That's a stop-loss. So,

if it touches a certain price, the gold

is automatically sold at the next price.

It doesn't mean to say you get the price

of your stop loss. You get the next

price after that stop loss, which could

be 5 cents lower, it could be 10 cents

lower, it could be dollar lower, it

could be $5 lower. Um, I personally

would never recommend anyone to put a

stop-loss, but uh the whole world is

full of people who uh have leveraged

bets. uh they they borrowed or betting

10 times as much money as they've got.

Uh and they know they could lose it all,

but to make sure they don't lose more

than they've got, they have what's

called a stop-loss. So, if the price

falls beyond a certain point, they're

auto sold, ensuring that they maybe they

don't have anything left, but they

haven't lost more than they uh they had

to start with. And of course, if you're

on a contracts for difference uh site,

CFDs as they're called, um those sites

often let you trade five, 10, sometimes

many times more, even one or two up to

100 times as much as your net worth in

the of money you've got on the site. So,

of course, those sort of sites have very

tight stop- losses because they don't

want to be going to collecting money

from people on the other side of the

world. um they'd much rather that the

position that p a person's taken is sold

before there's a problem of trying to

get the cash. So

if you place a order on a contract for

difference site to buy or sell gold or

silver, there's an automatic stop-loss

being put in place depending on how much

money you've got in the account. And of

course, futures traders also are like

that. They trade on margin. they only

have to put up a certain amount of

margin about 10%. And if the price

starts falling against them, they

immediately have to put up extra cash.

And if they haven't got the extra cash,

they have no choice but to sell into the

market at any price. Uh and again, that

would be done by some sort of stop-loss

if they haven't got their money.

So,

because of the incredibly huge rally,

we'd had more and more people coming

into a crowded trade, uh, buying gold

and silver. They were short-term

traders. They'd come in, uh, they were

putting stop losses to prevent them to

avoid them losing more than they could

afford to lose. And once one stop loss

gets triggered, that pushes the price

lower, which triggers the next stop

loss, which pushes the price lower,

which triggers the next one, and so on

and so forth. and to add fuel to the

fire when this sort of thing starts to

happen. There are some big boys who come

in to effectively short the market

because they know they know the price is

going lower when they see they can see

they've got visibility on all these stop

losses. They can oh there's one there,

one there, one there, one there, one

there. All we have to do is sell into

the market. We'll trigger all these stop

losses and we can buy back at a lower

price.

So these stop losses cause the market to

cascade into like dominoes. one domino

knocks over the next one and it it goes

it's a downward spiral. Uh but of course

there are people profiting it from it

because they know exactly where those

stop losses sit and they can sell it at

one price and expecting to buy back when

all the stop losses are triggered and

they can buy back and make a profit. Uh

so when you've got these upwards

movements like uh what we have seen kind

of a parabolic move you get more and

more people putting in very very tight

stop- losses like hair triggers and the

slightest decline can trigger them all

to go off at the same time and that's

what happened on Friday. So the shock

wave from the metal markets was felt

across other markets too. Stocks took a

little bit of a hit. It wasn't much. The

Dow Jones uh industrial average and the

S&P both fell by 0.4%.

While the tech heavy NASDAQ index

dropped by 0.9%. It wasn't very much at

all. Uh but the hardest hit part of the

market and this I know will be hurting

many many people myself included um was

the mining shares sector. Now, it

doesn't matter if you started buying

mining shares 9 months or 12 months ago

when I started talking about them

because you're still well up. But if you

bought them in the last month or so, u

and particularly in the last month,

you'll be looking at a loss because

those mining shares fell very very

heavily. Um, one example, for example,

was Kerr Mining. Um, that's a silver

miner that's down 17% but many mining

stocks were down much much more than

that.

Bitcoin, sometimes called digital gold,

didn't offer any safe haven either. Um,

it's been in a down downward trend for

some time since last October and its

price was down another 2% towards

$81,000

on Friday. Um it's at currently at about

$78,000 over the weekend on Saturday

afternoon at late afternoon.

So both old world and new world gold

bitcoin or gold physical gold both were

falling.

But what does this huge fall this crash

tell us about what's going to happen

next? Can we find out uh or can we have

a guide? Now, I have taken the time

since first thing this morning. I've

been up first thing this morning and

I've been studying until now. It's now

uh nearly 8:00 in the evening European

time. Um I've studied every single

crash, every single single day crash in

the Dow Jones Industrial Average since

1885.

Now, that's 130 years of history and

more than 38,000

data points. I also looked at every

single crash in gold and silver. Uh

although on that I couldn't go back uh

nearly as far as 1885 with the Dow

Jones. But I'll get into the gold and

silver shortly. Uh but let's just start

by talking about

uh the fact that my conclusion as to

what's going to happen is the same.

Whether it be stocks or precious metals,

they both tend to behave in the same way

after a crash.

So let's look at the stock market

crashes. I started looking for a crash

of the same order of magnitude as the

silver crash. And unfortunately I maybe

it's fortunate, I don't know. I could

only find one crash in the Dow Jones of

over 15%

which is kind of like the silver crash

of uh what did we see uh it was down

26%.

So there was only one crash which was

greater than that. Um and on that

occasion in the Dow Jones that is

the Dow rallied strongly immediately

after the crash. 7 days later it was up

6.2% 2% and a year later it was up at

another all-time high of 31.21%.

So within a year, not only did it fully

recover the crash, but it went on to

make another high. But that was just one

data point of a crash of that scale. So

we can't really draw any conclusions. I

then tried to look at crashes of 10% or

more, but they also are incredibly rare.

There were only four instances. So

again, and I I don't think we can draw a

firm conclusion. So I broadened my

criteria to look at the single day

crashes of 5% or more. Now that's more

like in line with what gold did. Um

gold, don't forget, uh we're over here

it fell by 8.99%.

A bit more on the futures market, 11% on

the futures, but on the spot market it

was down 9%. So, um, I was looking at

all the stock market crashes at this

point of 5% or more, and most of them

fell in the range of 5% to 10% in line

with what gold did on Friday. And this

gave me a much larger and more

statistically significant sample size of

85 crashes since 1885. Yes, the stock

market dropped by more than 5% in a

single day. 85 times since 1885.

And this is where I start to see a clear

pattern.

Following a 5% or more single day crash,

the stock market, the Dow Jones

Industrial Average, was twice as likely

to move up strongly than it was to

continue falling.

Let's look at the numbers

here. I'm going to bring the numbers up

here.

So, as you can see, looking at this,

this tells us the time after the crash

of the Dow Jones by 5% or more. I'm

looking at what happened 7 days after,

30 days after, 3 months after, 6 months

after, and one year after.

And as we can see, whoops, I've gone off

the page. Go back to the page. As we can

see over every period

there were more gains typically twice as

many gain upsides as there were downside

periods. Now that's two out of three

chance probability that the next move is

going to be up as opposed to a one in

three chance of down. But of course it's

still rolling the dice. But we can see

that on average if we go to the one-year

mark at the one-year mark there were 62

occasions where it had risen strongly

and only 23 occasions one-third as many

so where it had fallen and on the 62

occasions more than two out of three

times the average rise a year later had

been 38.22%.

22%.

But that doesn't tell us with a

certainty what's going to happen on

Monday. Uh but it does tell us where the

probability tends to lie. At least we

were looking at the stock market there.

So this is not looking at the precious

metals market, but it provides some sort

of historical analog of what happens

after crashes. It shows that

historically sharp and violent crashes

have often represented a buying

opportunity, certainly more often they

were a buying opportunity than a signal

to run for the hills. In other words,

did it make any sense to sell after a

crash? Uh well the answer is no it

didn't because the odds were in your

favor that you'd have a strong rally

pushing back to a much much higher level

than the the point from which you fell

in probability.

So panic selling tends to create

oversold conditions which are often

followed by very strong rebounds

and I think that perhaps that this will

happen this time. Uh obviously they're

going to look at this guy Kevin Walsh

over the weekend and discover that

perhaps he's not such a sound money

person as the market initially thought

and maybe he will be doing Mr. Trump's

bidding and voting for lower interest

rates at the Federal Reserve.

Um which of course will be fueling

inflation to some extent uh and it will

also fuel the stock market and the

precious metals market.

But what happens next after a brutal

crash like this?

So

I went obviously as I I I went I went to

the stock market and I analyzed um six I

looked at the went beyond the stock

market. I looked at the gold and silver

markets to see what happens to gold and

silver when we have crashes like this.

Now, I couldn't go back as far as the

1800s, unfortunately, as I could with

the stock market. In fact, I could only

find the data going back to August 2000.

Um, but that's still 26 years of data

nearly. Um,

and it's 6,300

data points I could look at uh for gold

and silver.

And I identified every single day where

gold or silver crashed by 5% or more on

the day.

So typically that would be a move of 5

to 10% in line with what gold did on

Friday down 8.99%.

So I tacked every single movement where

there was a crash in one day of more

than 5%. And then I tracked what

happened to the precious metal gold or

silver in the days and months which

followed.

And the results are quite fascinating,

but actually there's a stark difference

between the two metals.

So for gold, a single day crash

of 5% or more

is an incredibly rare event.

In the 25 years of data that I can look

at, it only happened about 10 times.

This tells us that gold is relatively

speaking a far more stable asset than

its volatile cousin silver.

Let's just have a quick look at how that

did. So, I'm going to go over here

and

bring up the There we are. This is gold.

And I'm looking at what happened seven

days after a 5% crash.

31 days after a 5% crash or one year

after a 5% crash. The reason these

figures don't all add up to nine is in

one one occasion uh the difference was

actually 0%. Um but what we see is after

one year

there were three times as many or three

times as much probability uh three out

of four probability that the price would

rise. I've gone to the wrong sheet here.

Go back to that. There we are. Now

that's only six versus two. Uh so six

rises or two falls. It's not a huge and

statistically significant number, but it

does tell us that it was historically

was more likely to rise after a 5% crash

than fall. And on average, gold was up

13.99%

one year later, more than recovering the

fall. But of course, you had to be

patient to get that.

So whilst the market after a crash in

gold was more likely to go up than down,

the rebounds were not as dramatic as one

might expect.

One year after the 5% crash,

gold on the when when it went up was up

about 38%. But if we take into account

the losses, it would have been on

average up 9.34% if you take the loss

years as well as the positive years.

But silver is rather different.

Silver tells us a completely different

story.

A 5%

or greater single day crash is not an

anomaly. It's a regular feature of the

market. Since 2000, the year 2000,

silver has experienced

96 crashes of 5% or more.

So those who are in silver have had a

stomach churning time over the years, of

which most of which they've forgotten,

but on 96 occasions, they've seen 5%

falls in silver or greater. And of

course, yesterday was probably greater

than any of those falls ever.

Let's see how silver performed after

those 96 crashes.

And I'll bring that up here

where we were on it. Sorry.

Yeah, there we were on it. So, uh, by

the way, these figures don't always add

up to 96 because some of the, uh,

returns after one year were zero. So,

they're ne neither positive nor

negative. Um, but we see that on after

one year after a crash of 5% or more,

silver was up

56 times and it was down 32 times. And

the average gain for the up moves was

38%

obviously uh clearly exceeding the size

of the fall. So silver definitely was a

much more volatile asset and generally

recovered uh not always because there

were um like two out of three one out of

three chances that it would fall but two

out of three times it recovered and

recovered very very strongly.

So the pattern is clear.

The longer you hold on after a silver

crash or for that matter a gold crash or

for that matter a stock market crash,

the higher the probability of a positive

return. And the longer you hold on, the

more powerful that return is likely to

be. Let's put it another way. It's

always a good move to buy after or not

always. um it's more likely to be a good

move to be a buyer after the crash

because quite often the crash represents

a situation where the metal has been

oversold.

So

one year later after a crash silver was

up 64% of the time um with the average

up move being 38% after the crash.

So while my analysis of the Dow Jones

suggested a two chances out of three

that it would rebound and one out of

three that it would continue falling.

When you look at silver it's you can see

that history strongly favors the bulls.

Bulls are the ones who go long silver

buy it.

Now another question is is there a

correlation between stock markets and

precious metals? Does a crash in

precious metal mean that the stock

market is going to crash next? Well,

history I've checked the two compared

the two history and uh of gold, silver

and the stock market to see to what

extent one can forecast the other. And

the answer is a fall or a crash in gold

and silver does not necessarily foretell

a fall in the stock market.

There is a weak correlation, very weak.

On days when gold crashed 5% or more,

the Dow Jones fell

on 60% of those days, but it rose on 40%

of those days. So not much difference.

it was more very close to 50/50 and and

for silver even less correlation. Um it

rose it fell 57% of the time and rose

43% of the time. So almost 50/50 as

well. So we c I couldn't detect much

correlation between the way stock

markets behave on days when gold and

silver are crashing. They tend to go in

the same direction but only it's only a

slight tendency to move together and and

in the same direction.

So a stock a precious metals crash is

not a reliable indicator of a stock

market collapse.

However, yesterday, January the 30th,

Friday, gold, silver, and the Dow all

fell in unison,

pointing to a broader riskoff day where

investors kind of sold everything which

wasn't nailed down. So what's the future

for the precious metals? Well, if we

look at the analysts, they're pretty

divided. Um, you know, the bull case and

most of the fundamental reasons for

owning precious metals haven't

disappeared.

Geopolitical uncertainty remains high.

Many countries are looking to diversify

their reserves away from the US dollar.

Before the crash,

major banks were calling for gold to hit

$6,000. Deutsche Bank, Sockgen, for

example,

uh they were talking about 6,000 in

2026. Um and on silver, they they were

forecasting higher prices, too. Um City

Bank, for example, were forecasting that

silver would get to $150.

So,

I haven't yet seen what they've got to

say about it, but I've seen a number of

comments and I think the general comment

is the correction we saw on Friday and

we're calling a correction um was an

understandable correction after such a

long bull market and all bull markets

climb walls of worry and corrections are

part of the the makeup of every bull

market. So, will this bull bull market

continue? And is this just a correction

on the way or is it telling us that it's

all finished and it's never going to get

back to those levels again?

I'll let you answer the question.

I think a lot depends on how everybody

else sees Kevin Walsh's appointment to

the Fed over this weekend. Um, I think

the markets will be the the analyst and

the newspapers will be digging much

deeper into uh his views and not

focusing quite as much on what he said

and did in 2011, but rather on his more

recent speeches or talks and the things

he said and done. Um, I can't go into

the details of all that, but it's public

knowledge, but my personal opinion is

that he's going to be uh towing the line

of what President Trump wants and voting

for lower interest rates.

But what is for sure

is that over the coming weeks,

we're going to get a lot of volatility

before the market actually finds its new

level, higher or lower.

But if history is a guide,

the odds are in favor of a recovery,

especially for the more volatile silver.

Now, before I just finish this off, I'm

going to just uh and I have one more

thing to show you before we finish. Um

please do like and subscribe if you like

this sort of video. Um I will be

covering um major events in the markets

in the future. Uh but just to show you

one last thing or one or two last things

here which I think are quite

interesting. Um this is the um calcul

this is the result of the calculations I

did. What we were looking at here were

the impact of 5% falls, 10% falls, 15%

falls, 20% falls uh over

7 days, 30 days, 91 days, 182 days, and

365 days. The most interesting one was

this one down uh this one here. 5% moves

over 365 days because I've got a lot of

data points. Um, and I'll blow that bit

up. That that there we are. I see that

there were 84

uh down moves. This is the looking at

the Dow Jones since the 1800s. Um which

were followed by uh over one year an

average including down days and up days

of 22% gains with the best gains being

138%

and the worst falls after a 5% fall

being 48% down.

But we had 62 up moves, 22 down moves.

So very much in favor of up moves. And

the average up move was 38%. But where

it went down, the average down move was

23%.

That was what I wanted to show you

there. And here's a little histogram uh

to show you the up moves of the So the

down moves are here. Um

that there was no move of I I actually

put a minus 100% move in there, which

didn't happen. um just a mistake on my

chart but you can see very few down

moves on the left hand side and then the

long right hand side starting here are

the size of the or the number of up

moves. So we had some up moves after the

stock market crash of over 100%. These

are the 100% plus moves there and we had

plenty of moves greater than 50% and

even more greater than 20% starting

here. All these moves were greater than

20% after a 5% fall in the stock market.

And this is the 0 to 10% moves. So up

moves on the stock market after a crash

of 5% or more overwhelmingly

um were many much many more of them than

down moves. And just to put it a little

bit another way, uh this is in number

terms. The green bit here are the good

day or good days. Good years good year

for it was 365 day move. The the green

bits are the size of the good moves

after a stock market fall of 5% and the

yellow or red sort of light red. Um it's

more yellow uh are the bad moves. So

looking down here the frequency almost

nothing falling after the stock market

and after the after a fall if you have a

5% fall not many days were or years were

negative after that but on the other

hand if we had an up move sorry we had a

5% fall almost all of the moves more

than half were uh I think it's 66%

something like that were up strongly and

where where it did go up strongly the

moves were quite powerful you know you

can see 30% % 40% 50% 60% uh five there

were five moves of 70% or uh to 80% one

move of 80 to 90 and even two moves of

greater than 130%.

So that's all I had to show you ladies

and gentlemen like and subscribe uh if

you appreciate the effort I put into

this. It's been a lot of work. I've been

working all day to bring you this and I

will keep you posted hopefully on

Monday. I want to bring you good news

for those who are bullish on gold and

silver. Uh but I suspect that if you're

a buyer, you're going to have to pay

higher prices and if you're a seller,

it's not going to bounce high enough for

you to get your money back. But uh uh

all I can say is good luck and whatever

you do, I this is not a time to be going

down to the gold and silver shops to try

and buy or sell because they will have

widened their spreads massively because

they don't know what's going to happen.

Just as I don't know, this is not

investment advice. I really don't know

what's going to happen. So, the spreads

will have widened out to much larger bid

and ask. And that means that you uh if

you're buying, you'll probably pay much

higher than the the spot price. If

you're selling, you get much lower than

the spot price. Give it time, and those

spreads will narrow as things settle

down, but that might take more than a

few weeks. Um, so if you do insist on

buying, uh, I would buy very very small

quantities to see how you feel. And if

you insist on selling, I wouldn't, uh,

rush and sell it all. Just I'd sell a

little bit to see how you feel cuz both

buyers and sellers might end up being

disappointed by anything they do. I'm

personally sitting on my hands. I never

had any plan to sell anyway. Um, and

just because it's gone down doesn't

change my mind. So, I'm sitting on my

hands and I hope that most of you will

be able to sit on your hands until

things settle down. My name is Clive

Thompson. Thanks very much for tuning in

and thank you very much for all the

lovely comments on my recent videos.

They were really appreciated and some of

them actually moved my heart. You guys

are wonderful. Bye-bye now.