Tuesday, August 14, 2012

Sandeep Jaitly - A squeeze for bullion – and especially silver – is brewing.

Quote: "How have the bullion markets been faring with regards to backwardation? Silver and gold are both in elevated states of backwardation; indeed silver has been backwardated for nearly two years. Of late, the extent of the backwardations – with respect to September silver and August gold has been deepening dramatically. No one – private person or public authority – is willing to lend bullion at rates lower than fiat rates currently. Which begs the question, why not now, if it could be done in the past?"

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