Recevez notre Marketbriefing
In the same category
overtheedge
Member since May 2012
680 commentaries - 6 followers
6 followers
has posted a comment on the article :
>Comex To Make It Easier For Smaller Investors To Take Delivery Of Silver With New 1000 o  - Dan Dontrose - The Fundamental View
"... customers who accumulate five warehouse depository receipts of the 1,000-oz. contract can convert them into one 5,000-oz. Silver futures contract. "

A warehouse receipt is NOT physical silver delivered to the buyer. A fraction of an ounce weight piece of paper is NOT the same as 1000 ozt of silver.

"If Comex was facing a default do you think they would make it easier to stand for delivery of physical silver or do you think they would have made it harder? "

What part of a "paper silver market" do you fail to understand?
The vast majority of 5K ozt silver traders aren't taking delivery, so 1K ozt is a joke. It is a con-job.
Do you honestly believe the Comex genuinely wants you to take delivery after this last week?
However, I have little doubt that the desire to sell much more paper exists.

Dude if you are color-blind, ask someone else which is the blue pill and which is the red one.


Commented
3317 days ago
-
Send
Beginning of the headline :Often, smaller investors have been shut out of actually asking for deliver of physical silver from the Comex given the relatively larger contract sizes (5000 ounces), so, a retail investor standing for delivery would need to pay for 5,000 ounces of silver at minimum which could be quite out of the normal retail investor’s allotted capital. The CME group has unveiled a new 1,000 ounce contract that would enable investors to stand for delivery of 1,000 ounces of silver at the settlement price. N... Read More
Reply to this comment
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Top articles