Over at the Got Gold Report, Gene Arensberg is astonished by the tightness in silver. Arensberg writes: "Full-blown backwardation has arrived in the Comex silver futures market.

Backwardation suggests that competition for whatever metal is available is heavy, and most analysts consider silver backwardation to be a decidedly bullish condition." Arensberg's commentary is headlined "Near Zero Contango in Comex Silver Futures" and you can find it at the Got Gold Report's Internet site here:

http://www.gotgoldreport.com/2011/02/near-zero-contango-in-comex-silver-...

CHRIS POWELL, Secretary 

Chris Powell

GATA.org

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