Rick Rule - "Extreme Silver Tightness Causing Delivery Problems "

``"Well I think part of what's happening in the silver market is the fact that the market is in backwardation which is to suggest that the spot price is ahead of the futures price. This is the opposite of a contango which is what normally what happens in metals markets. It is obvious that there is incredible tightness in the physical market... There has been so much physical buying that it's widely reported that the mints are having difficulty obtaining coin strip in the face of overwhelming coin demand. There has been suspicion with the March settlement and with subsequent near-term settlements that there will in fact be insufficient silver to meet the settlement requirements in those near month futures contracts.''