I successfully evacuated from the carnage in the Blue Ridge Mountains which were in the path of Hurricane Helene … so on with the analysis of first notice day on the October contracts.
But are all of the contracts this delivery period for $2600? I mean, what if BoA's position was taken months ago when gold was hundreds cheaper. Surely they would pay the price for gold when they acquired the Long...not the price when the Long was delivered.
Even if BofA bought the contract for less than 2600, they kept the position open at 2600+ and took delivery. One thing I believe and have never heard elsewhere ... not selling at a certain price is the same as buying at that price. Every morning which you decide to not sell and hold that day is no different than buying at the morning open.
Glad you’re safe with prayers and best wishes on the recovery process.
Many thanks for your updates amid difficult times 🙏
Maybe not liking it as much as desperate for it.
But are all of the contracts this delivery period for $2600? I mean, what if BoA's position was taken months ago when gold was hundreds cheaper. Surely they would pay the price for gold when they acquired the Long...not the price when the Long was delivered.
Even if BofA bought the contract for less than 2600, they kept the position open at 2600+ and took delivery. One thing I believe and have never heard elsewhere ... not selling at a certain price is the same as buying at that price. Every morning which you decide to not sell and hold that day is no different than buying at the morning open.
What does it mean for silver prices?