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Message: Note sent to IR - re gold backwardation

Note sent to IR - re gold backwardation

posted on Dec 09, 2008 04:35AM

Rory, I have enclosed an article and a clip both gleaned from a Peter Grandich blog

There’s plenty of talk about the gold futures market being in backwardation. A very good article http://news.goldseek.com/GoldSeek/12... on this plus a good BNN interview about it http://watch.bnn.ca/#clip119809

Makes me wonder given this talk about physical gold becoming increasingly scarce about 1) the company holding some of the produced gold since the paper market is out of synch 2) buying a couple hundred ounces directly from CSG

Either of these possibilities?

I will keep the board posted



Orgy

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