[TigersEye]

OK, that makes a little more sense to me that way anyway. If they are willing to sell you another contract at or near spot it is almost the same as reaping the $38 per oz dividend while maintaining your principle investment in silver.

The question in my mind is will they someday just renege on the contract because things never turn around for them?

[dennisw]

The question in my mind is will they someday just renege on the contract because things never turn around for them?

More likely the major shorts, JP Morgan and HBSC, will exert huge influence on the COMEX to change the rules midstream. Way back in 1980 this is how the Hunt Brothers got screwed
JP Morgan has tremendous influence on the Federal Reserve Banksters so they may get the Federal Reserve to pressure COMEX to change rules

One easy change would be ---  You can have your 5000 oz silver bars but you have to wait 3-6-12 months to get them. This way the silver refineries could catch up and manufacture more of those COMEX certified 5000 ounce silver bars

[Daisyjane69]

You bring up exactly what Chapman talks about. He says that they will end up with 3 choices:

1. To partically renege on the contracts owned, paying 20-30 cents on the dollar for them

2. To completely renege on SLV or GLD, investors getting zero.

3. OR...the FED bailing out JPM & the usual suspects at a cost of between 90-130 BILLION dollars, depending on the price at which they pull the trigger.