Ruh Roh...silver no longer in backwardation

Discussion in 'Silver' started by Earthjade, Feb 22, 2012.

  1. Earthjade

    Earthjade Member

    Joined:
    Aug 4, 2011
    Messages:
    872
    Likes Received:
    1
    Trophy Points:
    18
    Location:
    AU
    http://dailycapitalist.com/2012/02/17/the-arbitrageur-silver-backwardation/

    This hasn't been covered on any permabull site I have seen.
    Usually, they spruik up the fact that silver was in backwardation for a long time.
    I think they'll say nothing more about it now backwardation no longer applies.

    Could it be bad for silver?
    At face value, probably.
    But no rules seem to apply to anything these days.
     
    Earthjade, Feb 22, 2012
    #1
  2. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    It has been in backwardisation for a long time, during that time price went up and price went down. I suspect that now it is not in backwardisation the price will go up and price will go down
     
    thatguy, Feb 22, 2012
    #2
  3. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    Sounds like you've been listening to too many of Mr. RetardedMonkey's commentary videos on Youtube.
     
    RetardedMonkey, Feb 23, 2012
    #3
  4. No1joey

    No1joey Member Silver Stacker

    Joined:
    Dec 30, 2011
    Messages:
    936
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    Sydney
    I think it could go up OR down..
     
    No1joey, Feb 23, 2012
    #4
  5. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,505
    Likes Received:
    28
    Trophy Points:
    48
    I suspect physical demand has eased a bit. Perth Mint is going to do some 2 and 5 oz lunars and ASE sales are a bit slow this month. Might take a move above 35 to get some momentum type people involved.
     
    Silverthorn, Feb 23, 2012
    #5
  6. smokey

    smokey New Member

    Joined:
    Dec 31, 2010
    Messages:
    127
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Vancouver Island, B.C., Canada
    the reason this has not been covered by perma bull sites is because silver is still in backwardation
    look at the july 15 contracts and the following three months
    we are near but not yet
     
    smokey, Feb 23, 2012
    #6

Share This Page