I must keep this comment short tonight due to time constraints but I wanted to start a conversation.
With all of us acutely aware of the supply problems of the Comex, we need to start preparing for the post-EE world. At some point in March or May or July of this year, the Comex will default. Whether or not its a de facto default is of no matter for this discussion. At some point soon, "paper" silver will cease to be a actual asset. Paper silver only has value because it is perceived to be backed by some measure of physical. A Comex failure will, inevitably, lead to a failure of all paper metal assets. Everything from futures and options on futures to ETFs, both the SLV kind and the AGQ format.
So, three questions:
1) Do you accept this general thesis?
2) What is the trigger point for liquidating all paper metal? It can't be at default because, by then, it will be too late.
3) If you can't exchange into physical because of lack of supply, what do you buy? I say non-hedged, junior miners. What do you say?
OK, have at it. I'm very much looking forward to reading your responses in the morning. TF
p.s. I had a great planing meeting with my web team yesterday. We are looking into a new site that combines elements of blogs and forums, maximizing for us the opportunity to exchange information. We're utilizing many of the suggestions you provided over the weekend so thank you all very much for your input. I have a target date of April 1 for the unveiling...provided the world hasn't ended before then.
p.p.s. We've now had four consecutive business days of 65,000+ pageviews with a peak yesterday of over 72,000! This is madness! I'm sure glad you all enjoy this so much. I'll keep up my end. You hold up yours (heh heh, he said 'up yours'). Lets keep it clean and focused and we'll keep growing.