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<p>[QUOTE=&quot;Clawcoins, post: 4263337, member: 77814&quot;]okay.</p><p>I reread your first post.</p><p>First of all I do not agree that when the market goes up PMs go down and vice versa.&nbsp; It is far more complex than that if that was the case then the market has been going up for a long time, then gold should be free by now.</p><p><br /></p><p>Many large investors use PMs as a safe haven. In times of emergencies they reach for the cash which means selling the PMs (and everything else).</p><p><a href="https://www.marketwatch.com/story/why-golds-plunge-proves-its-a-safe-haven-asset-2020-03-12?mod=commodities" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.marketwatch.com/story/why-golds-plunge-proves-its-a-safe-haven-asset-2020-03-12?mod=commodities" rel="nofollow">https://www.marketwatch.com/story/why-golds-plunge-proves-its-a-safe-haven-asset-2020-03-12?mod=commodities</a></p><p><br /></p><p>But, contradicting it, in times of panic people also buy into PMs. It&#039;s just the large sellers are larger than the buyers.</p><p><br /></p><p>I used to buy ASEs all the time and I tracked Spot, versus the selling price.&nbsp; I would track when drops occurred and when finally the ASE price minimized premiums again.&nbsp; If you bought cheap rounds it was closer to spot, but it varies all dependent upon what type of silver you were after, which would also affect backside sales.</p><p><br /></p><p>The answer is ... there is NO Singular reason, it&#039;s a much more complex equation and there are multiple equations depending upon the impact factors.&nbsp; </p><p><br /></p><p>You know that people using metals such as Silver for various things. For instance, if you shut down a Solar Panel manufacturer, that then reduces their need of Silver.&nbsp; Silver is reliant more than gold in manufacturing and there&#039;s a larger continuous supply of it. </p><p>Then you have people who hedge PMs against currencies, and various other buyers/sellers of it.</p><p><br /></p><p>Normally spot price in converse of the US Dollar Index, not of the stock market.&nbsp; Hasn&#039;t the stock market, on average grown forever ? ... then Gold should be Free by now.</p><p><br /></p><p>There are many reasons for spot price to vary for many reasons.</p><p>So there is no one answer. It&#039;s just right now, the majority driver is cash is king for investors and hedgers.[/QUOTE]</p><p><br /></p>

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