praha1

Short Squeeze in Silver - How to Profit

Mike L.

Backwardation in silver as seen daily on the London Bullion Market Association's website is not fiction. It's been going on now continuously since January (i.e. over 60 days). Exactly what this portends is anyone's guess but it does not suggest that a current silver surplus exists in any way. There are those (i.e. Antal Fekete) that have even suggested (back in 2006) that this portends the end of our financial system. While I may not accept that somewhat extreme view, I might suggest that the portent does not lean towards the optimistic for anything financial (including the silver price BTW which the TPTB will keep down even if not one ounce of silver is available for purchase)