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Kevin Warsh, former governor of the U.S. Federal Reserve board, speaks during a news conference following the results of his review into the Bank of England's Monetary Policy Committee meetings, at the Bank of England in London, U.K., on Thursday, Dec. 11, 2014.

‘FOMO’ trade finally loses steam as gold and silver sink on Warsh nomination

“Price action had long since detached from any sane discussion on debasement, but it often takes only a small ripple to trigger a broader correction,” noted Deutsche Bank’s Jim Reid.

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‘FOMO’ trade finally loses steam as gold and silver sink on Warsh nomination

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