Yeah, I don’t know what I was thinking when I said “it’s different this time.”
It’s never really different is it?
It does appear that the billions of oz. of paper contracts that are short silver on LBMA might have a problem though. I guess this is what a default looks like.
I do expect the Crimex to raise margin requirements this am again to try to stop the rise. It’s the American way. 🤔
