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<p>[QUOTE="baseball21, post: 2454358, member: 76863"]Money certainly left and shorts certainly came into play, but just because money leaves the market does not mean it has to go into metals. Some of it usually ends up moving to metals but most usually moves to shorting things or just sitting on the sidelines. </p><p><br /></p><p>As we see time and time again most people are very reactionary when it comes to markets and the same goes for metals. Once they start significantly moving up the money rolls in just like it rolls out when they move significantly downward.</p><p><br /></p><p><br /></p><p><br /></p><p>I am not convinced it will ever happen either and that this isn't anything more than a power play. That said if it does nothing has really changed and people will realize that. Everyone is acting like they're picking up their island and moving it across the world, if anything I think people were just making plays on the market to profit off the news while they could. </p><p><br /></p><p><br /></p><p><br /></p><p>I agree with that, people sweat small prices way to much. I was referring to how predictable the reaction was once the vote was final. The vote itself may have been a bit of a surprise (though we put far to much faith into polling but that is a whole different issue) but I think pretty much all of us could have called the reaction that was going to take place from either outcome.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2454358, member: 76863"]Money certainly left and shorts certainly came into play, but just because money leaves the market does not mean it has to go into metals. Some of it usually ends up moving to metals but most usually moves to shorting things or just sitting on the sidelines. As we see time and time again most people are very reactionary when it comes to markets and the same goes for metals. Once they start significantly moving up the money rolls in just like it rolls out when they move significantly downward. I am not convinced it will ever happen either and that this isn't anything more than a power play. That said if it does nothing has really changed and people will realize that. Everyone is acting like they're picking up their island and moving it across the world, if anything I think people were just making plays on the market to profit off the news while they could. I agree with that, people sweat small prices way to much. I was referring to how predictable the reaction was once the vote was final. The vote itself may have been a bit of a surprise (though we put far to much faith into polling but that is a whole different issue) but I think pretty much all of us could have called the reaction that was going to take place from either outcome.[/QUOTE]
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