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James Turk: Silver in Backwardation
Saturday, May 23, 2015 17:05
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From SilverDoctors
Source: http://ausbullion.blogspot.com/2015/05/james-turk-silver-in-backwardation.html
Silver is often in backwardation and they talk about pushing the celling when i would call it running out of steam.
Prices are fixed big time but they can dump paper certificates on the market at any time to fine tune the paper trading price of silver but for now i see the price dropping even more and if $4 more comes off then i will be stocking up.
The price drop in buying physical won’t drop anything like $4 and might only come down $2 because the physical price and paper price are disconnected.
if Oil jumps upwards then all bets are off for seeing $12 paper silver prices.