oh man, you spoiled for everyone. The point is Quint died 1st partly by doubting that the shark could even hold 1 barrel underwater and partly due to the sharks sharp teeth.
the continuing cry for the last 20 years. it would already have done so in this crisis, but it is going sideways the last couple months.
This morning I saw signs that the market was bottoming out so I shorted one ZG. Then when the rally started I shorted another. I expect gold to go down tomorrow like bonds did today. If people think the market is safe again, or even better, that there are big bargains available, then they're probably not going to stay in gold.
The COMEX warehouses as of 10/07/08 have 8,594,917 oz of gold. Is that enough for you? If you have the cash you can buy all the 100 oz gold bars you want. It is the small stuff that is in short supply.
Anyone here actually took physical delivery on a gold contract? I am under the impression most retail brokers dont allow that. How does that work in practice? Just dont roll the contract, pay the respective amount through the broker and get the bars at some NY warehouse?
Additional Gold news............... http://www.marketwatch.com/news/sto...F54D5-60D6-44B2-AFAE-B4EA5C2F65CA}&siteid=rss http://www.coinnews.net/2008/10/07/...uction-of-two-gold-coins-more-to-follow-4400/ http://www.coinnews.net/2008/09/25/us-mint-suspends-buffalo-gold-coin-sales-4373/
Most of the old style (not electronic based) retail futures brokers will arrange for delivery on futures contracts. You have to inform the broker that you want to take delivery, have the cash in your account to pay the full amount of the contract and required fees and will end up with a warehouse receipt. Removing the gold or other commodity from the warehouse is another issue.