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Bron Suchecki
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Shortodile Golddee: That's not backwardation

- Bron Suchecki - Perth Mint

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.

Commented 3919 days ago

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Beginning of the headline :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)... Read More

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