Silver Is About to Rocket Higher
Thursday, August 9, 2012 2:48
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Silver Is Now in Backwardation
by Brian Hicks
Wealth Daily
Silver futures are in backwardation.
Backwardation is a pricing anomaly that typically – but rarely – shows up in the commodities market. And if you can catch it, you can make quite a bit of money.
Historically backwardation means one of two things: 1) there’s a current shortage of silver bullion available on the open market and/or 2) silver traders believe the price of silver is about to take off.
Here’s what happens…
Backwardation occurs when the future price of a commodity (gold, silver, oil, corn, etc.) is less than the current spot price.
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2012-08-08 22:46:10
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