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red alert! gold backwardation!! , page-14

  1. kgtom
    3,004 Posts.
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    06/12/08
    17:36
    Post #: 4579304
    Almost everything other than the PMs trade in backwardation. The PMs in contango.

    Nev, and others that may not have read his 2006 essay he refers to:

    http://www.financialsense.com/editorials/fekete/2006/0604.html

    The short of it is by his theory, which makes sense to me, Backwardation would be very positive for PMs.
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