gold in backwardation, page-6

Wow! Great find Grov. Must admit I didn't have anywhere near as much of an understanding as that provides.

This is big stuff. Last nights move could be the start of the fireworks, esp if Fekete is on the money.

I'm in shock

Oh and a little pat on the backs for the likes of Jim Willie and Bob Chapman (even though he's a madman). Plenty on here have done nothing but ridicule the thought of defaults on the COMEX. Time for some humble pie me thinks....

Thanks again Grov

p.s. Just wondering out aloud here, as I don't have a great enough understanding, but I wonder if backwardation lends significant weight to the suppression case. Need to understand the causes of backwardation. If anyone comes up with anything please post.