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Trace Mayer: Silver trending toward backwardation again

Section: Daily Dispatches

8:50p ET Monday, September 14, 2009

Dear Friend of GATA and Gold (and Silver):'s Trace Mayer gets out his silver futures charts and reports that silver is approaching backwardation again, with silver for immediate delivery costing more than silver to be delivered later. Such a condition, Mayer says, usually precedes an increase in price. Mayer's commentary is headlined "Silver Trending Toward Backwardation Again" and you can find it at Run To Gold here:

At 24hGold here:

And at SilverSeek here:

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

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