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<p>[QUOTE=&quot;desertgem, post: 1904163, member: 15199&quot;]&quot;We are getting played according to Zero Hedge. I guess somebody dumped a lot of contracts just before the big markets opened this morning. Silver follows gold, so maybe this explains what&#039;s going on:&quot;</p><p><br /></p><p>Fun article to read, especially the comment section.</p><p><br /></p><p>Some bullionists say ~ Only physical PM, no paper!&nbsp; &nbsp; and that paper assets such as contracts are worthless, then why do they get so up in arms when huge amounts of contracts change hands? The loss/gain values come from paper buyers/sellers, not someone with a 1000 oz of silver in their safety room. Because no matter how certain one is of the eminent doom of the paper world as we know it, in their minds most still track the USD value of their stash.&nbsp; Since one can not force deliver of PM from a contract unless it has already been paid for fully by a certain time ahead of delivery, and mostly only the big boys have funds for 5000 oz. silver on the CME or 100 oz of gold.&nbsp; The rest, the small boys/girls buy according to spot as needed.</p><p><br /></p><p>So the big &quot; Gold Whale&quot; sold a huge quantity of contracts. People bought them at a lower price determined by the market ( It could have been anyone), no big deal, just the POG spot went down. When they later want to buy a similar amount , the POG goes up.&nbsp; No physical gold is harmed or destroyed in the process, just the dreams of stackers of great economical wealth</p><p><br /></p><p>Paper market is levered and with high risk value and high USD gain or loss, it is bettered played with paper and never pay extra and take delivery unless you can afford it&nbsp; and need physical by certain date ( such as jewelry, industry, etc.). </p><p><br /></p><p>So don&#039;t let such activities affect your outlook, unless you would really like to take profits someday before the <b>END</b>.[/QUOTE]</p><p><br /></p>

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