Gold nuggets the hands of the miner. The working hands of a peasant with pure gold. top viewgettyOne thing I’ve always been astonished by is how fast a winning strategy (in investing and in life!) can suddenly slam into a wall—and start causing a lot of pain.Consider, for example, the life of a mortgage banker in the 2000s: They made easy money for years, then the subprime-mortgage crisis threw them out of work overnight.This happens in investing, too, which is why it’s always good to stay humble and well-d ...

Core Insights - Commodities investors have experienced significant profits in 2025, particularly in gold and silver, with gold rising approximately 56% over the past year and 60% year-to-date, while silver has increased by 62.6% over the past year and 78.4% year-to-date [1] Group 1: Recent Trends - Both gold and silver have recently seen a decline, with gold losing 2% and silver down 5% over the past week, and further declines of 6% for GLD and 7.9% for SLV on a specific Tuesday [2] - The recent downturn in gold and silver prices is attributed to an overcrowded trade and a market that was running hot, leading to a natural reversal [3] Group 2: Market Dynamics - Profit-taking is likely contributing to the pullback in gold and silver prices, although the long-term fundamentals remain supportive [4] - A significant factor in the price reversal is the increase in margin requirements on the Shanghai Exchange, which triggered a sell-off that affected global markets [5] - The tightness in physical supply, particularly for silver, is also influencing market confidence, with potential for a sell-off as weaker hands exit the market [6]