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<p>[QUOTE=&quot;desertgem, post: 882647, member: 15199&quot;]There was a fear factor on both sides. Many didn&#039;t realize that there was a human who hit the &quot;B&quot; key to sell billions of e-minis futures rather than the &quot;M&quot; key for millions. This then pushed up the price of gold. But keep in mind as equities traders learned, things usually come down faster than they go up.&nbsp; Holders of gold and other PM are equally at risk if the fear suddenly relents as equity fundamentals and the finance bill may reduce the volatility. </p><p><br /></p><p>Most equity holders did not hold insurance on their long positions ( puts or similar&nbsp; options) either because their level at their brokerage did not allow it, or they rather use the money to buy more equities to make more gains. Sounds familiar???Many gold holders have no protection from falling prices either. In this volatility, It would be scary to buy gold or gold funds and not have some short side against them such as puts or bear funds for gold. But many will buy at this level and be sorry when gold pulls back, as it will sooner or later.&nbsp; Just my advice for what is worth <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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