May 8, 2008

Futures Trading - I Don't Trade Futures - SilverSeek.com(Futures News)

I buy futures contracts, in a sense, when I bought silver last week with a wire; I got my silver in the future, about a week later. If the silver shorts can't deliver silver, their broker will have to find the silver to buy it and deliver it. What if you hold paper futures contracts, and you try to cash out during a time when you cannot find silver anywhere due to a shortage of silver in the coin shops or refineries? I expect silver to really soar after I expect NYMEX/CME to default on silver futures contracts; the biggest market for "silver promises". read more

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