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CFTC talks about position limits in metals futures
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<p>[QUOTE="Cloudsweeper99, post: 845016, member: 3011"]This is an interesting comment from the link you posted.</p><p><br /></p><p><"In the event of a shortage of gold or silver, supply can be mobilized on relatively short notice, he said. The buoyant scrap market, which has grown significantly during the current rally and is credited by many analysts with helping to moderate price appreciation, is an example of the rapid mobilization of existing supply."></p><p><br /></p><p>I understand the comment as it applies to gold because it is generally not consumed. Silver, however, isn't all recoverable. So much scrap silver was melted back in the late 70s that I would think it would take prices between $25 and $30 to lure significant quantities out of hiding. Granny's tea set can only be melted once. And a lot of the silver in Comex is not registered [available] for delivery. The link below is a very good summary of how this process works.</p><p><br /></p><p><a href="http://beforeitsnews.com/story/20414/COMEX_Gold_and_Silver_Inventory_Data_Reveal_an_ALARMING_Trend.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://beforeitsnews.com/story/20414/COMEX_Gold_and_Silver_Inventory_Data_Reveal_an_ALARMING_Trend.html" rel="nofollow">http://beforeitsnews.com/story/20414/COMEX_Gold_and_Silver_Inventory_Data_Reveal_an_ALARMING_Trend.html</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 845016, member: 3011"]This is an interesting comment from the link you posted. <"In the event of a shortage of gold or silver, supply can be mobilized on relatively short notice, he said. The buoyant scrap market, which has grown significantly during the current rally and is credited by many analysts with helping to moderate price appreciation, is an example of the rapid mobilization of existing supply."> I understand the comment as it applies to gold because it is generally not consumed. Silver, however, isn't all recoverable. So much scrap silver was melted back in the late 70s that I would think it would take prices between $25 and $30 to lure significant quantities out of hiding. Granny's tea set can only be melted once. And a lot of the silver in Comex is not registered [available] for delivery. The link below is a very good summary of how this process works. [url]http://beforeitsnews.com/story/20414/COMEX_Gold_and_Silver_Inventory_Data_Reveal_an_ALARMING_Trend.html[/url][/QUOTE]
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