This is a very big deal, according to Fekete. I don't know how to express this feeling of ominous dread. And yes, I'm serious. He has been warning us about the possibility of precious metals going into backwardation, for a long time now.
http://www.kitco.com/ind/fekete/dec052008.html
If you don't know what basis or backwardation are, I might try to explain it later. I can only say that Fekete says this is a first-time-in-history event.
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