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Home>Gold and Silver>Shortodile Golddee: That's not backwardation

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Shortodile Golddee: That's not backwardation

Bron Suchecki

GoldChat

Published : July 24th, 2013

50 words - Reading time : less than a minute

( 8 votes, 1/5 ) , 6 commentaries

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FOLLOW : Backwardation Oil

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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 Suchecki 13 abonnés

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Bron Suchecki is the editor or Goldchat.

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Johnlaw1971

7/31/2013 at 6:53 AM GMT
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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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7/25/2013 at 11:54 AM GMT
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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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Bron Suchecki

7/26/2013 at 5:31 AM GMT
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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.

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7/26/2013 at 6:43 AM GMT
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Thanks for clarification. You may want to include your previous post into this one.

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ccmhi

7/24/2013 at 6:28 AM GMT
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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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samking73

7/24/2013 at 4:32 PM GMT
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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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Johnlaw1971 - 7/31/2013 at 6:53 AM GMT

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