Good luck The Bernank at increasing dollar confidence, and good luck to The Morgue at finding increased supplies of silver. That leaves higher silver prices as the only outlet.
Thursday, April 28, 2011
Silver Backwardation Surges to Nearly $2
Silver shorts, new and old alike must be shaking in their boots: silver backwardation is again skyrocketing, now nearing $2! July 2014 silver is trading at $47.50, nearly a $2 discount to front months! The bullish implications of this are astounding considering silver's move from $30 to $50 in the past 3 months. The solution for backwardation is either increased supply, increased confidence in fiat currency, or higher prices.
Good luck The Bernank at increasing dollar confidence, and good luck to The Morgue at finding increased supplies of silver. That leaves higher silver prices as the only outlet.
Good luck The Bernank at increasing dollar confidence, and good luck to The Morgue at finding increased supplies of silver. That leaves higher silver prices as the only outlet.
