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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (64194)	2/22/2001 11:19:53 AM
From: russwinter	Read Replies (5) \| Respond to of 116752

We are in backwardization!!! Can anybody with live quotes confirm? I've been trying to follow the spot versus the April futures today, and they look flat to 50 cents in backwardization. That should tell us that the shorts are still trying to cap the futures at the COMEX, but that the physical is getting bids. Looks like the shorts and funds are going to need to con some physical from some source. The problem is that if it comes from one of the duplicite CB's, it has probably already been leased out. At this point I think they've tapped about every Alfred E. Newman CB out there. The spot market is the one to watch here. If we see a backwardization is developing, katie bar the gates.