Gold in Backwardation, Treacherous Moment for Gold Bugs, Silver's Volatility

Consolidation, Backwardation and Silent Gold Rush : Perspectives
Published Feb 20, 2013 on Goldbroker

Another attack without any fundamental logic is happening on the paper markets for gold and silver, markets that have become unreal and fictitious.

This price consolidation that has been going on for 18 months, and that resembles a lot the one that happened in 2007-2008, is making certain investors nervous. Which is understandable, given the duration of this consolidation, but nothing has changed for the market fundamentals. On the contrary, more and more elements plead in favor of a new phase of growth for gold and silver prices.

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Alert : Gold in Backwardation Again !
Published Feb 21, 2013 on Goldbroker

What is backwardation ? Only one thing can explain the backwardation in gold : loss of confidence. Potential buyers of futures reckon there is a significant risk that the contract might not be fulfilled, i.e. that the physical gold might not be delivered. Even if they could make a profit, they don’t use arbitrage, and they hold on to their precious physical gold.

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It Is a Treacherous Moment for Gold Bugs
Published Feb 22, 2013 on Goldbroker

The first whiff of future tightening from the US Federal Reserve has sent bullion into a nose-dive, triggering a much-feared “Death’s Cross” sell signal on gold futures. Gold has dropped by over $100 an ounce in ten days, touching $1556.

But hold your nerve. The reality is that we have been moving for several years to an informal Gold Standard in which gold takes its place once again as a central store of value – a currency of sorts – in the mix of sovereign reserves.

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What then must we do?
Published Feb 21, 2013 on Gata

Submitted by cpowell on Thu, 2013-02-21 21:26. Section: Daily Dispatches 1:46p PT Thursday, February 21, 2013 Dear Friend of GATA and Gold: A friend, C.S., wrote to your secretary/treasurer today asking for comment on the beating gold has taken in the last few weeks.

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Gold Gives You Extremely Important Signals
Published Feb 15, 2013 on Larsschall

David P. Goldman / Spengler, “the world’s most brilliant intelligence service,” discusses in this exclusive interview some of his thoughts on various aspects related to gold. Inter alia, he explains why he supports a commodity price rule for monetary policy that is connected to the yellow metal.

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Japan's Shinzo Abe prepares to print money for the whole world
Published Dec 17, 2012 on Telegraph

Japan’s incoming leader Shinzo Abe has vowed to ram through full-blown reflation policies to pull his country out of slump and drive down the yen, warning Japan's central bank not to defy the will of the people.

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Embrace Silver's Volatility All the Way to the Bank | Casey Research
Published Feb 19, 2013 on Caseyresearch

Most precious-metals investors know that silver is more volatile than gold. But do they know just how big that difference really is?

It is interesting to measure how much greater silver's daily moves are – both in gains and declines – than gold.

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Virginia in the Vanguard
Published Feb 5, 2013 on Nysun

It’s starting to look like Virginia could yet emerge in a leading role among the states in respect of monetary reform. The lower chamber of its general assembly has passed a bill to underwrite a study of the feasibility of a monetary unit based on a metallic standard.

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