Rob Kirby: Backwardation -- facts from fiction

Section:

8:33p ET Monday, December 8, 2008

Dear Friend of GATA and Gold:

In an essay posted tonight at GoldSeek, GATA consultant Rob Kirby of Kirby Analytics in Toronto examines the criticism of Antal Fekete's conclusion that gold is going into backwardation and about to drag the Comex down. Kirby is inclined to think that the evidence is on Fekete's side. You can find Kirby's essay, "Backwardation: Facts from Fiction," at GoldSeek here:

http://news.goldseek.com/GoldSeek/1228767064.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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