Warsh Nomination Sparks 4% Gold, 5% Silver Slide, Lee Sees Tech Rotation to Invesco QQQ
Kevin Warsh’s Fed Chair nomination triggered a 4.2% plunge in gold and a 5.1% drop in silver on Feb. 2, prompting Tom Lee to dub the sell-off the “pause that refreshes” for bull markets. Lee predicts fund flows into QQQ’s Mag 7 and AI holdings as liquidity rotates back into tech.
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