today was the first i heard of bob coleman advising the comex and cftc that he was taking delivery. they are going to update a chart each day to tally the deliveries as they take place. so we will know by the end of the month.

i don't know when or if there will be a default, or if it will take place first on the comex or on the london metals exchange. david morgan is of the opinion that it would take the removal of 25 million ounces of silver from the comex to force a default.

the government intervention is in the form of massive sales of physical gold to depress the price. on the silver market, it is a huge short position held by jp morgan chase to control the futures market. since they can sell unlimited amounts of contracts, the only way to defeat them is to take delivery of physical metal to force a default, but again, i don't know when that will happen.

in the long run it won't matter much whether you bought this stock on friday or today. you would have a few more shares, but i doubt it will make much of a difference. as far as paul volcker is concerned, he can't do what he did in 1980 because the economy is much too fragile. millions of people are losing their homes every year, and an economic contraction brought on by raising interest rates would throw millions of people out of work, resulting in more foreclosures, and so on.

at the next fed meeting they are expected to provide fiscal stimulus by lower interesting rates from 1% to 0.50%. if the economy can't stand an interest rate of 1%, how can he raise them to 18%?

i've been holding this stock since it traded on the pink sheets, and it takes a certain amount of patience. as long as the company is well managed and they take care of the operations side of the business, the market will eventually straighten itself out.