Thanks Blue.  John Embry is always worthwhile read.  It looks as though there will be delivery problems for the December gold contract.  A force majuere had to be called from one depository.  Of course, hurricane Sandy was to blame. (Eye-roll).  There is very little eligible silver for deliver in NY as well.   Silver producers will benefit.


A much higher silver price is in the cards.  Undoubtedly UC will trade a multiples of the current level.  Ivana