Thursday, December 9, 2010

silver squeeze

Investors to Silver: 'Let’s Get Physical'

by Frank Holmes
The Daily Reckoning
The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute, all of which comes with counterparty risk. This conclusion is apparent from the fact that the futures prices for gold and silver have moved into “backwardation.”
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Comment: Under Ben Bernanke's chairmanship of the Federal Reserve the rest of what has remained of trust in paper wealth has been lost. The gold and silver run won't stop any time soon. We're still a long time away from the final blow-off.

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