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The Fed held rates—and the paper markets panicked. But while the screens flashed red, something very different was happening beneath the surface. In this video, I break down what I was seeing in real time after the Federal Reserve’s latest decision: exploding Gold and Silver prices, widening physical premiums, and an emergency COMEX margin hike that signals growing stress inside the system. We’ll unpack why “high rates kill metals” is collapsing as a narrative, how the paper market is losing control over physical pricing, and why this moment feels different from every cycle before it. Disclaimer: This video is for educational and informational purposes only and reflects my personal opinions based on the data available at the time of recording. Nothing in this video should be considered financial, investment, or trading advice. I am not responsible for any financial decisions you make. Always do your own research and consult a qualified financial professional before making investment decisions. Watch closely. The window may be closing. 0:00 The Blink and the Panic. 5:43 What Is a Maintenance Margin Hike? 10:46 Why This Time Is Different. 15:30 How I'm Positioning Right Now. 20:10 The Currency Credibility Crisis. 25:17 The Settlement Crisis. 31:16 The Emotional Side.