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<p>[QUOTE=&quot;medoraman, post: 1627431, member: 26302&quot;]And those industrial suppliers who may have 85 million ounces they want to move would have to push the physical market down to $8 if they attempted to move that much physical at one time as well.</p><p><br /></p><p>That is the Yang to your Yin market. If you think this cannot happen, I can pull out some books on market histories for you. Markets were all physical 150 years ago, and that is why you would have something worth $1 one year, worth $20 the next, and worth $.10 the year after that. </p><p><br /></p><p>Paper trading is the answer to smooth out these swings. The real participants in these markets was stability above all else. Paper leverage gives this. I know small PM owners hate to hear this, but the markets really, really, do not care about you at all. They are ran for their participants, which are large buyers and sellers, mainly industries. When is the last time a ASE buyer earned the market any money? Never, they are not a participant. </p><p><br /></p><p>We are simply using their published prices as a guide for PM prices, the CME group does not earn any money from that, so frankly &quot;the market&quot; could give a rip less if ASE buyers use their prices AT ALL. Most of the people who claim &quot;manipulation&quot; are not even customers of the markets. You know what the CME would say? Go fly a kite and come up with your OWN pricing mechanism then we can CARE LESS.</p><p><br /></p><p>And, they are right. </p><p><br /></p><p>WE are the ones who base pricing off of THEIR market. WE do not pay for this service, we are leeches using their work for free. If we don&#039;t like it, USE SOMETHING ELSE. Where is it written in stone the CME market, (CME group owns it, that is why I am saying CME), SHOULD be a baseline for PM pricing? </p><p><br /></p><p>We use it since its all we have. However, we should always remember WE ARE NOT PARTICIPANTS, the market is not run for us, and they really, really, do not care if we like it or not. </p><p><br /></p><p>Its like someone getting a free bus ride then complaining the bus is not taking the route they would prefer. You are getting it for free. You don&#039;t like it, get off and walk. Nothing is stopping you.[/QUOTE]</p><p><br /></p>

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