TSXV:SLX.P - Post by User
Comment by
Mineshackon May 19, 2011 11:08pm
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Post# 18604492
RE: RE: RE: Will Comex Default in July?
RE: RE: RE: Will Comex Default in July?I mentioned before of hearing that COMEX longs demanding 5,000 ounce deliveries were receiving as much as a 30% premium to accept cash in lieu of Silver and that 1,000 ounce contracts are always settled in cash. This would suggest that the contractual option to settle in cash only applies to the mini contract.
Clearly, the COMEX must want what Silver is available to be deliverable only to industrial and commercial buyers. Even at $50 per ounce!
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mineshack
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