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<p>[QUOTE="desertgem, post: 3272854, member: 15199"]I am sure metals were suppressed due to people needing cash not just for stocks of their own, but also because of the uncertainty of their jobs or pending debts for houses, schooling, etc, and a lot of individuals were let go by companies. People who played with metals with paper were more removed from the problem, as they could cash in within seconds. People with physical had to find a place to sell it, and prices were dropping so fast, that buy prices where listed on chalk boards and changed by dealers several times a day. But only those unaware of options and contracts were caught by the action of the population that used digital or phone transfers then and received current pricing. And I do assume that JPM, GS, and all the big brokers did very well with their house money in the dealings. Banks, Bullion dealers, Stackers, Jewelers, Mines, did much better than the average Joe who didn't know how to use options to 'protect ' his gold in hand, so that if physical dropped , his options could provide the opposite. Such options cost money and a true stacker would rather take a chance of loosing it all, then paying JPM money for a protective option. IMO Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3272854, member: 15199"]I am sure metals were suppressed due to people needing cash not just for stocks of their own, but also because of the uncertainty of their jobs or pending debts for houses, schooling, etc, and a lot of individuals were let go by companies. People who played with metals with paper were more removed from the problem, as they could cash in within seconds. People with physical had to find a place to sell it, and prices were dropping so fast, that buy prices where listed on chalk boards and changed by dealers several times a day. But only those unaware of options and contracts were caught by the action of the population that used digital or phone transfers then and received current pricing. And I do assume that JPM, GS, and all the big brokers did very well with their house money in the dealings. Banks, Bullion dealers, Stackers, Jewelers, Mines, did much better than the average Joe who didn't know how to use options to 'protect ' his gold in hand, so that if physical dropped , his options could provide the opposite. Such options cost money and a true stacker would rather take a chance of loosing it all, then paying JPM money for a protective option. IMO Jim[/QUOTE]
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