| From Hardassetsinvestor.com: There was a lot of excitement among gold aficionados last week. A $34-an-ounce end-of-week rally did a lot to brighten their spirits. Monday's $28 follow-through punched spot COMEX gold above the $800/ounce mark for the first time since October 20.
Gold rallied because ... because ... well, just what was the reason? Some among the chattering classes would have us believe the spike was foretold by gold tipping into what they dubbed "backwardation." Well, not gold per se. Rather, gold forward rates..... Full Article: Source
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