When a “COMEX silver default” will occur, the default has ALREADY OCCURRED !

4 posts / 0 new
Last post
#1 Thu, Jun 16, 2011 - 9:15am
bensgone
Offline
Joined: Jun 14, 2011
294
0

When a “COMEX silver default” will occur, the default has ALREADY OCCURRED !

"And by the way, particularly directed to two of my esteemed friends who have been recently betting on when a “COMEX silver default” will occur, the default has ALREADY OCCURRED, because we now know that essentially every COMEX contract is now settled with cash (or, incredibly, equally fraudulent SLV shares), and often at dramatic, premium prices to the closing COMEX contract prices. In other words, silver was not delivered as promised, so that “bet” should be, at the least, a push, IMO." https://babybulltwits.wordpress.com/2011/06/15/ranting-andy-28-million-o...

Edited by: bensgone on Nov 8, 2014 - 5:09am
Thu, Jun 16, 2011 - 9:35am
SilverTree
Offline
-
Zimbabwe
Joined: Jun 14, 2011
646
4521

SILVER BITCHES!!!

SILVER BITCHES!!!

Thu, Jun 16, 2011 - 7:01pm
Jake
Offline
-
Joliet
Joined: Jun 14, 2011
476
7804

Well Written and Great Article

benroberts13 wrote:

"And by the way, particularly directed to two of my esteemed friends who have been recently betting on when a “COMEX silver default” will occur, the default has ALREADY OCCURRED, because we now know that essentially every COMEX contract is now settled with cash (or, incredibly, equally fraudulent SLV shares), and often at dramatic, premium prices to the closing COMEX contract prices. In other words, silver was not delivered as promised, so that “bet” should be, at the least, a push, IMO." https://babybulltwits.wordpress.com/2011/06/15/ranting-andy-28-million-o...

Excellent Article Thanks For Posting

Hat Tip Too!

Your Silver--I Want to Buy it! Sell Me Your Silver!
Fri, Jun 17, 2011 - 5:54am
prana
Offline
-
Singapore
Joined: Jun 14, 2011
30
579

Settling in Cash

ben, i'm going to ask a very basic question. please have patience with me. i'm quite new to futures.

ok so someone coughs up US$26,000+ to buy a long position in silver futures. on settlement day, if he actually has the money to demand delivery, how much extra does he need to have?

thank you! 

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

randomness