Keith WeinerPresident, Gold Standard Institute USA Oct 2, 2012
Dear Mr. Butler:
I read your article about silver manipulation at 24hgold.com.
I am responding as someone who wants free markets. I want to make one thing clear before I proceed. We have no free markets anywhere today. Without constant government intrusions into the markets, the paper [...]
On Monday, May 14, something happened that hasn’t happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the same time. To oversimplify, backwardation is when the price of a futures contract is lower than the price in the spot market. It should not be possible for it to [...]
I thought today would be a good opportunity to do some forensic analysis on the big drop in the gold price. The anti-trust conspiracy crowd is out in force beating their drum on this one. But do they make any sense?
Here is a little table of the market action:
Prices listed [...]
The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has gone deeper and deeper in. The April gold future just entered backwardation today. See the graph (backwardation is when (Spot (bid) – Future (offer) > 0).
We shall see [...]
Our own Keith Weiner will speak on gold backwardation at “Gold and Economic Freedom” a symposium organized by Louis Boulanger with the collaboration of the New Austrian School of Economics in Auckland, New Zealand, November 28 – December 2, 2011. He will appear with his mentor, Professor Antal Fekete. The program is described as follows:
Sometimes called the [...]