Those of us who have been invested in pm's for the last several years have likely held tight and unwavering in our belief of their economic value during times of financial crisis and in their ability to mitigate the losses associated with confidence break down in fiat currencies.

Many have large portions (well beyong conventional wisdom) allocated to PM's and energy of course. It is surprising the strength of bounceback when the PM's get hammered after being driven up by the overseas trade and it is becoming increasingly predictable.

Although many of us may have trading positions, we are generally over allocated and are either amazing timers (not me) or without resources to increase our core positions. Indeed some of us have been selectively profit taking looking for new opportunities in the same market.

Is it possible/likely that a new breed of PM investors are coming to the fore protecting the asset price when it gets hammered. It is the only explanation I can think of ... any other ideas?

orgy