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My apologies for one WRONG statement in my post on backwardation. I assumed from something else I read (and probably read wrong) that the backwardation had ended and that we were back in contango.
Antal Fekete has just posted again on the Gold Eagle site in which he makes it clear the backwardation is on-going. I haven't read all of the article yet but will do so now. Sorry for the error in my post.
