Thanks for the articles Nicholas. There are two points I'd like to see addressed. For about a month now. I've been trying to figure out how to buy a futures contract and take physical delivery. I can not find a broker that facilitates delivery, and I have written the CFTC and received no reply. The report to the CFTC in 2004 that concluded there was no price manipulation also stated that it could see no obstacles preventing individuals for buying silver at market price. Let me assure every last one of you, there are big, big obstacles that no one is talking about.
The second question I have is are there any obstacles preventing the PM ETFs from selling futures contracts against there own holdings? The ETFs don't have any real interest in the metals price going up. But selling contracts against there holding would be a great way to generate cash, right? Especially, when you consider that physically losing the metal is virtually impossible at the COMEX, because physical delivery is about as common as the Chicago Cubs winning the world series.
First Fuel, Now Metals - Forecasts Lowered [View article]
Gold Futures' Dirty Secret (Part II) [View article]
Gold Futures' Dirty Secret (Part II) [View article]
The second question I have is are there any obstacles preventing the PM ETFs from selling futures contracts against there own holdings? The ETFs don't have any real interest in the metals price going up. But selling contracts against there holding would be a great way to generate cash, right? Especially, when you consider that physically losing the metal is virtually impossible at the COMEX, because physical delivery is about as common as the Chicago Cubs winning the world series.
Do You Smell the Gold Bottom? [View article]
I think a little manipulative nudge can set off an avalanche of forced liquidations. People should know better.
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [View article]