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samking73
Member since February 2013
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Don’t Trade Last Week’s Silver Story!

- Keith Weiner - Monetary Metals

I really don't have the knowledge or guts to get into trading myself. I have an account with Edward Jones and let them worry about it. Though I have been thinking about pulling some out and doing something different. Don't know what, yet. Im afraid we are in a very unstable phase of the markets.
At the moment when my interest lies in the P.M. news, its because I have a few stacks of silver bullion and tiny bit of gold. I just like to learn about all the rest of it so Im not as ignorant when I talk to people about it or am reading.

thanks again,
JSK

Commented 3892 days ago

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Beginning of the headline :Since February of this year, there has been at least one silver contract in backwardation. Since May 31, the September contract has been backwardated. But that has now come to an end. Before we get to the graphs, let’s define our terms. Some people look at a graph of (cleared trade) prices. If they find a futures price that is below a spot price they declare it to be backwardation. One problem with this approach is that the quotes may not be simultaneous. A contract that is close to expiration o... Read More

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