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12:22 PM
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Subject
Silver severe Market backwardation. Paper Market Breakdown.
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[quote:phillk6751:MV80NzA5MjExXzg1NzUwOTczXzNEMkIyOEEw] It's funny how Kitco claims the spot price is determined by OTC decentralized markets, but their spot price does NOT reflect ACTUAL OTC prices. https://www.kitco.com/glossary/Gold-Price-Guide.html#:~:text=The%20spot%20price%20is%20determined,Counter%20(OTC)%20decentralized%20markets. ...unless I'm misunderstanding that by OTC they mean digital markets only? [/quote]
Original Message
Paper is trading for far less than actual Physical.
Example.
Paper is $27 an ounce.
Bars are $32-$34 an ounce
(APMEX: [
link to www.apmex.com (secure)
]
This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.
My fellow SilverTards we ride soon.
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