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<p>[QUOTE=&quot;fatima, post: 1391122, member: 22143&quot;]When this occurred, it was on the first day (or maybe the day before because of leap day).&nbsp; Once those notices are put out the it is required that the silver be delivered to the comex warehouses as the contract has to be settled by March 30th.&nbsp;&nbsp; (Comex rules)&nbsp; This is the reason for knocking out the longs before this happens as the CME has to match up longs (buyers) with shorts (sellers) so the longs can get their physical delivery and the shorts their money.&nbsp; &nbsp; &nbsp; If all those contracts were allowed to stand, I&#039;d say there would be pandemonium since, IMO, there isn&#039;t enough monetary silver available to fill those orders.&nbsp; </p><p><br /></p><p>Of course some do allow them to stand because they know this and will hold for delivery knowing the alternative is they will be paid a great deal more in a cash premium as an alternative.&nbsp;&nbsp; </p><p><br /></p><p>Of course there is no direct evidence of this and what I post is an opinion only.&nbsp; The reader can decide the worth of it.&nbsp;&nbsp; I do agree with you that Ron Paul and Bernake&#039;s dog and pony show at Congress little to do with this.&nbsp;&nbsp; Congress hasn&#039;t done anything to fix any of this and isn&#039;t likely to do so, so Paul and Bernanke can continue to do their dance.&nbsp; It matters not.</p><p><br /></p><p><i>note: monetary silver = bars&nbsp; I don&#039;t know if they accept standard bank bags of silver coins.</i>[/QUOTE]</p><p><br /></p>

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