room305

To add to the bullish backdrop for silver. the Mexican economy is showing some severe strain. They produce some 15% of the world's annual silver production so if they tank ...

I purchased physical through the Perth Mint Certificate Programme. As offered by Gold and Silver Investments Ltd.. They will take payment in Euro, USD or GBP and convert at a very competitive exchange rate. They will deliver for you to take possession or you can avail of free unallocated storage. Backed by tax payers of Western Australia and rated AAA so quite safe I would say. Worth a look as you can avoid VAT this way.

It'll certainly be nice if history does repeat ;-)

Maybe not the answer you want but personally I sleep easier knowing that I own silver rather than paper shares that may or may not represent some silver assets or more probably just yet more paper also purportedly representing silver assets.

Anyone any idea what the hell happened to crude just as the market closed? Was thinking of entering a short as we $65 which looks good low risk entry from a technical standpoint. Apart from a large amount of "Iran war premium" in the price, the media seems to have forgotten about the existing "Iraq war premium". Likewise, gasoline stocks may be low but US crude inventory supplies are building. I think it looks good for a tumble to $50 or below. However, the sudden spike to $68 in afterhours is bizarre. Can anyone shed some light on it? Chart LATER: Okay, appears there was a rumour after hours about Iran attacking a US warship in the Persian gulf. Whoever starting spreading it is probably sitting pretty on an oil short around the $68 level.

Let me guess, you're selling it and if anyone requires proof they can email you for a crappy MS-paint picture of the engine?

Quite disturbing that American citizens are cheering the idea of the American government confiscating the profits of shareholders of an American company. Maybe they'll take a leaf out of Chavez's book now and nationalise the oil industry. Not quite convinced peak oil is around the corner but I think you are looking at the next major oil crisis right there. Supply constraints as governments around the world nationalise their oil supplies and make a typical socialist mess of trying to meet consumer demand.

What kind of margin are giving this trade if you don't mind me asking BP?

Is it possible to buy call options for the 2012 crude contract?

This is interesting. How do you go about trading this contract. Surely, at some point between now and the next six years we will see oil at above $100 a barrel at least!