Typically, the guys who run the COMEX—which is the Commercials—always end up that the price is at what we call ‘Max Pain.’ Max Pain is where the individual investor loses the most money.
And, of course, the converse is that the commercial banks make the most money. And that’s probably about where we are right here, around 1220 on gold and 1430 on silver.
I’m sure there’s not many people making any money on any puts and calls they’ve written. Because, of course, you pay a big premium, and meanwhile we’ve ended up with very little movement.
- Source, Silver Doctors
