Monday, December 22, 2008

More Antal Fekete as Gold Backwardation goes on...

It's hard to explain how screwed up things are in the precious metals markets right now with this little space. Suffice it to say the metal (or firms purporting to own it) might not be there in the future, and traders apparently know it. Think "counterparty risk"!

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6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...