Monetary Metals Supply and Demand Report: April 7, 2013

The Last Contango Basis Report It would take $12 less to buy an ounce of gold at the end of the week, compared to the beginning. It takes more silver to buy an ounce of gold than it did at the beginning of the week, i.e. the gold:silver ratio rose from 56.4 to 57.9 or [...]

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4 replies
  1. petter_w says:

    So with gold in temporary backwardation – and silver clearly in backwardation – shouldn’t silver rise relative to gold? Can you elaborate why you think the opposite will happen?

  2. Carl W. Luxem says:

    Why aren’t gold and silver prices rising given the temporary backwardation that reflects rising distrust of the futures market driven by sovereign bankruptcies, money printing, negative real interest rates, etc.?

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