Current price too volatile for professional dealers to be able to make rational commercial trade decisions.
Obviously waiting until things settle down a bit.
If you are medium or long term into PM's, I wouldn't bother too much; not even much point looking at whatever the current PM prices happen to be, if a temporary trade shutdown is coming.
Just stand aside, shrug your shoulders, and say 'Ho hum'.
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Everything is going down, not just PM values.
Quite understandable if a PM dealer happens to have normal PM inventories, and suddenly the value of all his stock falls.
Why should such a dealer sell everything at a loss?
Far safer to temporarily withdraw from trading.
Trouble is, we are thinking of ourselves only; So is the PM trader. Difference is, he is doing something about it, rather than just wringing his hands.
We don't have to worry because we don't depend on our PM holdings for business survival.
'Ho hum' is a
much better emotion for us.
Posted 03/18/2020 2:38 pm
