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<p>[QUOTE=&quot;Cloudsweeper99, post: 1197656, member: 3011&quot;]Folks should read their May 31st Outlook newsletter.&nbsp; It documents the Comex contract defaults in December and March that have been mentioned elsewhere.&nbsp; Now I know that some people will say that settlement in cash is not a &quot;default&quot; but if the holder of a long silver contract expected delivery of physical silver to keep their production lines running or for portfolio diversification and received cash instead, to them it is the functional equivalent of a physical default regardless of how the regulators spin it.[/QUOTE]</p><p><br /></p>

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