by Darryl Robert Schoon, via Silver Seek:
Regarding today’s markets and gold and silver, on April 15th, Sandeep Jaitly wrote:
COURSE OF THE EXCHANGE
Metals update: backwardation or not?
Over the past few weeks and months, there have been seismic changes in the way people are thinking of markets – and the concept of markets – generally.
As evidenced by movements in the Federal Reserve’s sale and repurchase facility from last September, which has resulted in the TARP balance sheet reaching a record of $6,000bn and at a record rate of over $630bn/month since the year began, there are ‘issues’ with all markets – in as much as markets are markets with ‘monetary’ fiat.