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Gypsy
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Gold Leaps Into Backwardation!

- Keith Weiner - keith weiner

Kieth, the last sentence of your statement: "The market is offering a free profit to anyone who will sell a gold bar and buy an April contract. For whatever reason, no one is either able or willing to take the bait. This is proof that the market for physical gold metal is drying up." threw me ~ for a moment.

I believe that last sentence should read "This is proof that there is no PHYSICAL gold metal to sell into the market." In my opinion, there IS a market for physical gold ~ if physical gold could be found ! !

Commented 4231 days ago

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Beginning of the headline :Since late January, the February gold contract has been in backwardation. This means that one could make a profit by simultaneously selling a gold bar and buying a February contract. One would still have one's gold plus a little extra. I coined the term "temporary backwardation" (http://monetary-metals.com/temporary-backwardation-the-path-forward-from-2008-3/), to describe this curious and very recent phenomenon. In our "new normal", most gold and silver contracts go into backwardation... Read More

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