Market Curiosity: Exploring Markets And Systems

May 18, 2011

Quick silver backwardation update.

Filed under: Just Watching — Tags: , , , , , — Jeff Fitzmyers @ 10:35 am

SLW has not lead, or even followed, silver’s rise so far today. Maybe the silver bottom is in, but until silver blasts off or SLW starts to lead, I will be cautious. Silver still seems to be in strong physical demand, so I assume any downside is more likely to be dramatic drops rather then grinding down.

I found Martin Armstrong’s What Destroyed Rome was its Unfunded Government Employee Pensions valuable. It helps to know these things can take years.

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