I still think the idea of a hedge fund posting on JPMorgan's Yahoo message boards is really strange. However it makes for interesting reading and of course someone is doing a lot of buying.

Follow up post by Wynter_benton.

Re: Comex margin increase today?

For all of you new to the game, this is what it's all been about recently

http://www.cmegroup.com/daily_bulletin/S...

As you can see, the Mar OI is over 61,000 contracts as of yesterday. The margin increase is designed to expedite the process by those who do NOT intend to stand for delivery to sell the March contracts immediately. The Comex wants to know how many contracts might potentially stand for delivery. Once it gets a gauge of this figure, it will increase the price of silver in an attempt to lower the March OI as the delivery date approaches.

Guess what Blythe? The Leader says that we are seriously thinking about standing for physical delivery instead of taking a cash premium. He is afraid that you might default later on (after March) and not give us a cash premium. Not only that, our group will be buying the bulk of the contracts as the delivery date approaches so neither Blythe nor the Comex will have any idea what hit them.

We want to leave you with these happy thoughts as you contemplate your next move.