The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: ayn rand	11/23/2009 6:20:09 AM
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PM short squeeze ............................................................... Physical delivery Hayman Advisors, a Dallas, Tex.-based hedge fund firm run by Kyle Bass, became another proponent of holding physical gold this year. Most precious-metal investing has historically been done via paper futures contracts on COMEX, part of the New York Mercantile Exchange, owned by CME Group (CME 322.99, +1.02, +0.32%) . However, Hayman expects more demand for physical delivery of precious metals. That could cause problems because there are only enough inventories in COMEX warehouses to supply 15% to 30% of open interest on futures and options contracts, the firm explained in a presentation to investors earlier this year. "It is prudent to focus efforts on obtaining physical delivery of metals backing paper contracts 'while supplies last,'" Hayman wrote in its presentation, a copy of which was obtained by MarketWatch. marketwatch.com. 23, 2009 PMs should do better this week

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