Interesting article.
Both gold and silver Leap Into backwardation
Since late January, the February gold contract has been in backwardation. This means that one could make a profit by simultaneously selling a gold bar and buying a February contract. One would still have one’s gold plus a little extra.
This is a remarkable turn of events. This comes about – even though billions of dollars are spent pounding the futures markets trying to shake people out of their gold; nobody is selling. Not even for a free bit of money (while still holding onto their gold); nobody’s selling their gold and silver. The paper cartel is throwing everything they have at trying to get people to sell their PM’s. It’s not working.
So just hold on & keep accumulating, physical holders going to kill the paper mafia.
gentlemen & ladies, start your engines, page-11
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