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news.goldseek.com - 12/7/2008

Red Alert: Gold Backwardation!!!

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According to the December 3rd Comex delivery report, there are 11,759 notices to take delivery. This represents 1.1759 million ounces of gold, while the Comex-approved warehouses hold 2.9 million ounces. Thus 40% of the total amount will have to be delivered by December 31st. Since not all the ...

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ritholtz.com - 12/10/2008

The Shadow Gold Price

— ritholtz.com — “The Shadow Gold Price” Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund... based in New York.” ~~~~ Conclusions : Spot Gold is fundamentally cheap versus its intrinsic monetary value by a factor ... (more) The Shadow Gold Price

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Comments vote downundo vote up The Mess That Greenspan Made found this 12/10/2008found this

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time.com - 12/13/2008

Black Gold: It's Time to Raise the Gas Tax

— time.com — The only good economic news lately has been the collapse of oil prices. At the beginning of... July, just five months ago, the price of a barrel of was more than $140. By the beginning of December, it was down to about $45. That's a drop of more than ... (more) Black Gold: It's Time to Raise the Gas Tax

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Comments vote downundo vote up Greg Mankiw's Blog found this 12/13/2008found this

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telegraph.co.uk - 12/11/2008

Price of gold hits record high

— telegraph.co.uk — Gold traders said they had seen unprecedented levels of sales in the past month following a "flight... to safety" among investors. One of London's leading bullion dealers said business had tripled in the past month. It said one of the most popular ... (more) Price of gold hits record high

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Bank of England

Comments vote downundo vote up GoldSeek.com found this 12/11/2008found this

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Priceless Gold? More Like Worthless Money
GoldSeek.com — ... for the first time ever in history in early December. Meaning: gold owners were forfeiting risk free profits by not selling at a higher price December delivery gold and buying lower priced February delivery gold. The logic being that should gold in fact go into permanent backwardation it would no longer be for sale at any price. Period. I took this piece of news as a trigger to update my ...

Nonsense About Gold Backwardation, Ameros,Yuan Devaluations, etc.
Mish's Global Economic Trend Analysis — Late last week through this weekend I started receiving numerous emails about gold backwardation theories, Amero sightings, Yuan devaluations, and all sorts of other stories that do not stand up to even the most casual of scrutiny. Let's kick off the hit parade with Red Alert: Gold Backwardation Gold going to permanent backwardation means that gold is no longer for sale at any price, whether it is quoted in dollars, yens, euros, or Swiss francs. The situation is exactly the same as it has been for years: gold is not for sale at any price ...

The Crisis Goes Forward Gold Goes Backward
GoldSeek.com — ... of bankers and politicians. THE BACKWARDIZATION OF GOLD AND THE UPWARDIZATION OF GOLD AND SILVER PRICES Those fortunate enough to attend the final session of Gold Standard University Live in Canberra, Australia (attendees from Europe, North America, South Africa, Asia as well as Australia and New Zealand), heard Professor Antal E. Fekete explain the origin and significance of trading the basis with respect to gold and silver. Professor Fekete recently posted his article, Red Alert: Gold Backwardation!!! , in which he alerted readers that for the first time in history the ...

Has The Curtain Fallen On The Last Contango In Washington?
GoldSeek.com — ... economic and financial surprises we shall know whether the backwardation in gold is permanent, or whether it will become permanent only after the inauguration of the new president, at the expiration of the next active gold futures contract in February. Either way, this is a contest the bad guys cannot win. They are at the end of their rope. The low gold price means that they are left with just enough rope to hang themselves. References The Last Contango in Washington , June 30, 2006 Red Alert: Gold Backwardation!!! December 4, 2008 This and other articles of the author can be ...

Backwardation: Facts from Fiction
GoldSeek.com — ... | Source: GoldSeek.com By: Rob Kirby An important piece of academic research was published last week [Dec. 5, 2008] by Professor Antal Fekete, titled, Red Alert: Gold Backwardation!!! In this article, Professor Fekete reasoned that Dec. 2, 2008 was a landmark date in the saga of the collapsing international monetary system; “on December 2 nd , at the Comex in New York , December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009) were quoted at 0.14% discount to spot. (All ...