Hi hobbers; I had the opportunity to talk with an old friend yesterday. He is a kind of Quasi (not crazy) gold bug. After some catching up and general discussion of the metals and metal share markets he asked why gold and silver continued down after OE.
I just blurted out without thought ; " I guess they need the price down so that they can buy metal at lower prices to cover the ITM calls".
Then I wondered how true that might be and if there was other facts that might bear it out. Thinking about the last few days of filth-forced downturn demonstrating the need to get metal down FAST, along with the anticipated pop to follow shortly, it fits the notion. Hmmm