Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label backwardation. Show all posts
Showing posts with label backwardation. Show all posts
23 September 2015

Swiss Refiner: Physical Tightness in the Flow of Gold Is 'Reflected in the Price Not at All

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"No correlation to the physical market. On-going tightness in the physical gold markets. physical tightness of flow is reflected...
17 September 2015

Lions and Tigers and Deriding the Theory of Gold Tightness At the Comex, Oh My!

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“Our clients will call up saying ‘I hear the Comex is running out of gold, what do you make of it?’ and our quick answer is that this is a ...
25 July 2013

Gold Backwardation: When Good People Make Bad Comparisons

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You may have heard some talk lately of 'gold backwardation.' Backwardation is a pricing phenomenon in the futures markets where...
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