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<p>[QUOTE=&quot;InfleXion, post: 1313247, member: 29012&quot;]NorthKorea, while I won&#039;t argue with your silver projections based on today&#039;s data, I would just add that those are based on a market where the price is driven by paper contracts much more so than physical supply and demand. If we do end up with a severe deflation the financial institutions won&#039;t be able to take the hit as their leveraged assets decline in value and hit the balance sheets at an according order of mangitude. Any forecasting based on the paper price is no longer relevant without the futures market as we have it today, and the physical supply and demand picture would take precedence over any preexisting trends. Even ignoring the OTC derivatives which aren&#039;t on the books they are quite leveraged in the standard fractional reserve manner, and own a lot of outstanding debt with counter party risk as well. Derivatives may be the 500 lb gorilla in the room, but a chimpanzee can knock a house of cards down just as easily.[/QUOTE]</p><p><br /></p>

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