Tom Szabo: No backwardation in gold yet, maybe in silver

Section:

12:35p ET Sunday, December 14, 2008

Dear Friend of GATA and Gold:

Responding to Antal Fekete's recent essays on backwardation in the gold market, Tom Szabo of SilverAxis.com says he sees only hints of it, and more hints in silver than gold. But Szabo acknowledges it as an increasing possibility. Szabo's essay is headlined "Backwardation: Still No in Gold but maybe in Silver" and you can find it at 24hGold here:

http://www.24hgold.com/news-gold-silver-Backwardation-Update.aspx?langue...

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

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