I would bet it is chaos at all the big bullion dealers. Hope they have solid procedures to handle all this volatility. After every huge move there will be casualties.
Perhaps their procedures have some insulation against volatility. For example, slowing down intake and accelerating output when prices spike rapidly. Or valuing intake selectively on certain lower days.
They will also up their minimum sell amounts to eliminate smaller sell orders. For example, JM Bullion recently raised their minimum sell to them amount from $3000 to $10,000
I see that JM Bullion and Bullion Exchanges have raised their minimum order size from $199 to $499 to get free shipping. So, that will eliminate some smaller orders on the buy side as well.
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