Message:

<p>[QUOTE=&quot;desertgem, post: 1271145, member: 15199&quot;]My figures were rough, but you get the point. The members of the exchange gets to have lesser margins as they are recognized as non-speculators. CME or any exchange can not allow the balance of longs and shorts to get far apart. They do this by using margins which can be changed to reduce the amount of commodity at risk. Almost none of the speculators expect to have delivery PM, they are just in it for the cash ( they hope). So the common thought that there isn&#039;t enough gold in the world for the # of contracts would possibly be true if every margined contract was converted to gold or silver delivery, but the full price would have to be transacted about a month before expiration, and that is risking money on an unleveraged bet, so over 90% opt out for cash. It is the nature of the beast that there will enough PM at expiry. </p><p><br /></p><p>I feel sorry for copper, I think it is in for a long decline ( probably with most base metals) as the world&#039;s manufacturing does also. </p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in