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<p>[QUOTE="Zuhara, post: 840593, member: 23099"]The rumors about Comex technical defaults usually concern gold IIRC. Until one person, <b>any</b> person with a name stands up in public and says "I wanted a bar and all they would give me was this lousy cash" that's all they are IMO--rumors. Or until we receive credible reports of industrial users having supply problems. Obviously I wasn't speaking of myself as an individual investor.</p><p> </p><p>You can take delivery of a gold or silver futures contract anytime you want, and you will receive your bar at spot price. Until that changes I take all talk of a "disconnect" between the paper and physical price as dealerspeak for "I bought a whole lot of the stuff at $17 and don't really want to sell it for $14, but as soon as the price goes back up give me a call", or, most usually, the crowd over at Le Metropole talking their book.</p><p> </p><p>Which as I said is fine with me up to a point, but I don't see why buyers should believe it. Of course a potential shortage exists in any commodity at any time for any number of reasons but that is a different thing altogether.[/QUOTE]</p><p><br /></p>
[QUOTE="Zuhara, post: 840593, member: 23099"]The rumors about Comex technical defaults usually concern gold IIRC. Until one person, [B]any[/B] person with a name stands up in public and says "I wanted a bar and all they would give me was this lousy cash" that's all they are IMO--rumors. Or until we receive credible reports of industrial users having supply problems. Obviously I wasn't speaking of myself as an individual investor. You can take delivery of a gold or silver futures contract anytime you want, and you will receive your bar at spot price. Until that changes I take all talk of a "disconnect" between the paper and physical price as dealerspeak for "I bought a whole lot of the stuff at $17 and don't really want to sell it for $14, but as soon as the price goes back up give me a call", or, most usually, the crowd over at Le Metropole talking their book. Which as I said is fine with me up to a point, but I don't see why buyers should believe it. Of course a potential shortage exists in any commodity at any time for any number of reasons but that is a different thing altogether.[/QUOTE]
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