tag:blogger.com,1999:blog-2761684730989137546.post3628471953522835406..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Economic Collapse — Unprecedented Shortages Of Ammo, Physical Gold And Physical Silvermike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2761684730989137546.post-64482615231953562632013-04-29T10:26:19.280-04:002013-04-29T10:26:19.280-04:00wow, I stopped at a rural pawn shop in Pennsylvani...wow, I stopped at a rural pawn shop in Pennsylvania this past weekend<br /><br />they had a whole collection of pawned crossbows & darts<br /><br />you mean I should have cornered the market? :(Roger Ericksonhttps://www.blogger.com/profile/17515506247888521516noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37430859827327238852013-04-27T11:34:23.568-04:002013-04-27T11:34:23.568-04:00Matt - The CME Group is obligated to deliver gold ...Matt - The CME Group is obligated to deliver gold to all long futures positions that are not liquidated before the futures contract expires. These are futures contracts that culminate in delivery, either due to or due from the exchange clearing house which simply acts as the AAA rated intermediary between all long and short positions. If nothing else, failure by the CME Group to deliver to Melamed or anyone else would seem to me like a default of some kind.... unless there is some loophole that I don't know about which gets the exchange off the hook for physical delivery and allows them instead to settle in cash. Makes me wonder what the ratings agencies have to say about it. You would think though that Leo Melamed is the very last person on the face of the earth that the CME Group would want to fail to deliver on. <br /><br />Likewise, looks like a short squeeze in ammo with that parallel shortage. The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83916475111030214772013-04-27T11:29:58.452-04:002013-04-27T11:29:58.452-04:00The ammo shortage is driven by irrational panic bu...<i>The ammo shortage is driven by irrational panic buying thanks to the Democrats' recent attempt at gun control.</i><br /><br />Actually the run on ammo has been going on for several years, really since the financial crash followed by the 2008 election. Frustration really built after Obama won again in 2012.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-15203296293913571812013-04-27T10:43:53.458-04:002013-04-27T10:43:53.458-04:00The ammo shortage is driven by irrational panic bu...The ammo shortage is driven by irrational panic buying thanks to the Democrats' recent attempt at gun control.<br /><br />Toss in the "preppers" movement where religious types believe they are preparing for the end times.<br /><br />No shortage of crazies in this country, and no leadership in Washington to steer the country. It's a symptom of lack of confidence in our government.Dan Lynchhttps://www.blogger.com/profile/11189866002273597534noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88696150785676867322013-04-27T09:47:19.001-04:002013-04-27T09:47:19.001-04:00Ed,
Wouldnt the exchange ultimately be at risk he...Ed,<br /><br />Wouldnt the exchange ultimately be at risk here?<br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-40758495142758878762013-04-27T09:42:38.367-04:002013-04-27T09:42:38.367-04:00Leo Melamed, former chairman of the Chicago Mercan...Leo Melamed, former chairman of the Chicago Mercantile Exchange and Godfather of the exchange traded futures and options industry, was refused physical delivery this week of physical gold he elected to take delivery of on two expiring gold futures contracts. <br /><br />http://silverdoctors.com/former-cme-ceo-refused-physical-delivery-for-2-gold-contracts/<br /><br />And then JPMorgan's eligible gold for delivery plummets 65% in 24 hours.<br /><br />http://www.zerohedge.com/news/2013-04-25/jpmorgans-eligible-gold-plummets-65-24-hours-all-time-low<br /><br />Does sound to anyone like the makings of an epic short squeeze? The Rombach Reporthttps://www.blogger.com/profile/09982864018333283368noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19493648256689356712013-04-27T08:00:26.950-04:002013-04-27T08:00:26.950-04:00The loony right crying about the inability of the ...The loony right crying about the inability of the loony industries to satisfy their infinte loony needs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12520358462635312472013-04-27T07:26:35.313-04:002013-04-27T07:26:35.313-04:00maybe they could use the gold and silver to make b...maybe they could use the gold and silver to make bullets?yhttps://www.blogger.com/profile/03233997168975370006noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17185367213262721312013-04-27T07:21:53.187-04:002013-04-27T07:21:53.187-04:00Metal, metal, and more metal....Metal, metal, and more metal....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com