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<p>[QUOTE=&quot;mrbrklyn, post: 441211, member: 4381&quot;]What?&nbsp; The spot market is the current market.&nbsp; The futures market is a market on CONTRACTS based on speculation of future prices.&nbsp; So you lost me here.</p><p><br /></p><p>Are you saying people are buying the coins above spot to use as guarantees for the futures market?&nbsp; That would be equally stupid.</p><p><br /></p><p>Joe has 100kilos of Silver at say a current value of $14 on the spot market and Joe makes a futures contract with Tony for 12/31/08 at $30.&nbsp; Now on 12/31/08 if the spot of silver is $38, Tony is a winning as gains 8 bucks a head and Joe loses $8 a head.</p><p><br /></p><p>With the market now down, there is a lot of futures silver being brought at high prices.&nbsp; Why dump that silver on the spot market if you still think the fundamentals are for higher pricing?&nbsp; </p><p><br /></p><p>You either hang onto it or sell it on the futures market is the price of those contracts are still high, and hope you don&#039;t get burned TWICE.</p><p><br /></p><p>None of this has to do with spot selling/buying, or affects spot selling/buying.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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