PDA

View Full Version : COMEX is now showing gold backwardation (silver too)



ascentient
5th December 2008, 13:58
I just read this article on goldseek.com and it is the best explanation of what is taking place on the COMEX in terms of pricing structures for gold. It is well worth reading and thinking about.

http://news.goldseek.com/GoldSeek/1228499200.php

SilverHawk
5th December 2008, 14:21
Excellent Article!!

offgrid
5th December 2008, 14:22
"Not one country will be spared from the fire and brimstone that once rained on the cities of Sodom and Gomorrah as a punishment of God for immoral behavior."
sad! hope for the best, prepare for the worst.
read 'the last contango in washington' yesterday,
also a good article
http://www.professorfekete.com/articles%5CAEFTheLastContangoInWashington.pdf

LETMYSILVERGO
5th December 2008, 15:23
WE OR they ARE SOOOOOOOOOOO SCREWED!!!!!!!!!!!!
http://news.goldseek.com/GoldSeek/1228499200.php

research24
5th December 2008, 15:41
As I suspected Crimex is mooting itself. Watch for the world market to shift to Dubai or elsewhere. This king is stark naked.

Interesting too that the same thing is happening to all the US exchanges. Commodities across the board are being destroyed; they only way producers can save themselves will be to withdraw from these charnel houses. Let them sell paper and sell the real deal elsewhere.

Did you get a load of today's stock market actions in the face of the worst unemployment report in 30 years. Up! The traders are like people who don't think guns are loaded!