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>When Silver Sneezes, Derivatives Will Catch a Cold  - Jeffrey Lewis - 
I agree.

Have you heard that the bail in fiasco happening in Cyrus whereby banks are permitted to steal some of the money its depositors have in the bank is now spreading. Apparently the G20 group are moving this type of legislation around to other nations. So it looks like if a bank goes sour because of mismanagement then depositors are now responsible. I am wondering if the writing on the wall with regard to money printing money printing means that banks are looking ahead and positioning themselves to steal everybody's money. It looks like it. A good future for physical gold and silver if this happens.

3228 days ago
Beginning of the headline :What would a silver market default look like? Look no further, because a silent default is happening now. The cash settlement mechanism for the default has been well-established and put in place for that purpose.Cash settlement for now, nevertheless, without physical delivery for industrial users, would send shock waves throughout the industry. The drama is enough to trigger a panic, despite any ability of some users to switch or find substitutes.Like all financial defaults, the break in confide... Read More
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