Message:

<p>[QUOTE=&quot;RedOakPresoBox, post: 686119, member: 19928&quot;]<b><i>[FONT=Arial, Verdana, Helvetica, sans-serif]<font size="2">[FONT=Verdana, Arial, Helvetica, sans-serif]<font face="Verdana"><span style="color: black">&quot;No longer can the CFTC pretend that the COMEX silver short position is backed by anything legitimate.</span></font>[/FONT]</font>[/FONT]</i></b>&quot;</p><p><b><i>[FONT=Arial, Verdana, Helvetica, sans-serif]<font size="2">[FONT=Verdana, Arial, Helvetica, sans-serif]<font face="Verdana"><span style="color: black"> </span></font></font></i></b></p><p><b><i><font size="2"><font face="Verdana"><span style="color: black"></span></font>[/FONT]</font>[/FONT]</i></b>[FONT=Arial, Verdana, Helvetica, sans-serif]<font size="2">[FONT=Verdana, Arial, Helvetica, sans-serif]<font face="Verdana"><span style="color: black">I take this to mean that they are paper contracts not &quot;backed by anything legitimate&quot;</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"><br /></span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black">I take shorts to mean paper contracts not physical silver.</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"><br /></span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black">You seem to think that paper contacts mean that they are backed by silver and or gold.</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"><br /></span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black">Ted and Bob are suggesting that if all paper contracts were called in that there would not be enough silver or gold to cover those contracts.</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"><br /></span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black">Bob is applying it to ETF&#039;s possibly. Isn&#039;t a warning to own physical metals prudent?</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"><br /></span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black">So, what am I missing here?</span></font></font></p><p><font size="2"><font face="Verdana"><span style="color: black"></span></font>[/FONT]</font>[/FONT][/QUOTE]</p><p><br /></p>

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