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Shortodile Golddee: That's not backwardation

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Published : July 24th, 2013
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( 8 votes, 1/5 ) , 6 commentaries
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FOLLOW : Backwardation Oil
Category : Gold and Silver
Shortodile Golddee is threatened by a goldbug with backwardation


Sue Shortton: Shortodile Golddee, give him your short positions.
Shortodile Golddee: What for?
Sue Shortton: He's got backwardation.
Shortodile Golddee: [chuckling] That's not backwardation. [draws a oil chart] That's backwardation.


(apologies to the screenwriters and thanks to Nick for the charts)
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Bron is an apologist and shill for paper gold. This is unsurprising, given that his employer runs one of the largest fractional reserve paper bullion schemes in the world (the Perth MInt Certificate Program).

Don't bother reading any of this biased drivel: all of Bron's articles can be summarised as:

"Don't worry, be happy. Paper gold is as good as physical gold. Keep buying those Perth Mint Certificates, futures contracts, GLD and unallocated accounts. And whatever you do, don't take delivery"
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OK Bron, gold is less likely to run out than oil, because gold is money and oil is a commodity. Was that your point? Or you just like Hogan and this was a good opportunity...?
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The post was in response to the talk that gold has gone into backwardation and that this was significant. In this post of mine http://goldchat.blogspot.com.au/2010/07/degrees-of-distrust.html I said that occasional backwardation in the shorter months is just the start, or first sign, of a breakdown in the system. Calling what we see now in gold as backwardation proper overstates the phase we are in.
Thanks for clarification. You may want to include your previous post into this one.
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Isn't this Bron Sucdicke guy a spokesman for the gold fractional reserve paperbugs? Yeah, that's just what I would expect from this clown.
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Yep, he's a shill for the paper pushers. I don't think he is aware of the fact that people are fleeing paper to get the real stuff. Its also got the COMEX in enough of a panic that they're setting fire to their own vaults.......though, not the real vaults where they secretly keep what little gold they have left.....So I understand.
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Bron is an apologist and shill for paper gold. This is unsurprising, given that his employer runs one of the largest fractional reserve paper bullion schemes in the world (the Perth MInt Certificate Program). Don't bother reading any of this biased driv  Read more
Johnlaw1971 - 7/31/2013 at 6:53 AM GMT
Rating :  4  1
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