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<p>[QUOTE="GDJMSP, post: 649231, member: 112"]Nobody owns anything in the futures market anyway, were never intended to. Futures are like options in the stock market - they are decaying assets that eventually will evaporate into nothing if not exercised prior to expiration.</p><p><br /></p><p>Stocks cannot be shorted unless somebody actually owns the shares. Futures however can be shorted when somebody else actually owns future long contracts. It is the contract being shorted, not actual silver. </p><p><br /></p><p>Of course every long future contract is backed up by actual silver or it cannot be sold to begin with. But few ever exercise the long contracts, and have no intention of ever exercising them when they buy them. Instead they sell them prior to expiration to somebody holding short future contracts so that the person holding the short can close his contracts out.</p><p><br /></p><p>It's no different than the way the options market works in the stock market. People are trading paper and that's all. It is gambling in it's purest form - legalized gambling.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 649231, member: 112"]Nobody owns anything in the futures market anyway, were never intended to. Futures are like options in the stock market - they are decaying assets that eventually will evaporate into nothing if not exercised prior to expiration. Stocks cannot be shorted unless somebody actually owns the shares. Futures however can be shorted when somebody else actually owns future long contracts. It is the contract being shorted, not actual silver. Of course every long future contract is backed up by actual silver or it cannot be sold to begin with. But few ever exercise the long contracts, and have no intention of ever exercising them when they buy them. Instead they sell them prior to expiration to somebody holding short future contracts so that the person holding the short can close his contracts out. It's no different than the way the options market works in the stock market. People are trading paper and that's all. It is gambling in it's purest form - legalized gambling.[/QUOTE]
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