Market Curiosity: Exploring Markets And Systems

March 9, 2011

Silver backwardation suggests silver to 38 in a few days.

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 12:28 pm

PIMCO’s Total Return Fund, the world’s biggest bond fund, has dumped all U.S. government-related securities, including Treasuries and agency debt… What more does one need to know? The debt backing federal reserve notes is unwanted.

I find it a bit amazing that 2011 price is still tracking 2008 price.

Compare this with the 12 month SIFO in 2008. A speculation is that although the near term backwardation is easing, there is a bigger situation going on.

References
+ Silver update for backwardation and tidbits on March 8th

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