Today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world, and also recognized as some of the most unique work in the gold market. Below is the latest exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein.
“The Physical Markets Are On Fire”
But first, a quick note sent to KWN from Hong Kong hedge fund manager, Willam Kaye: “Back in the real world of markets spot gold is backwardated v. the benchmark Comex contract by over $1.10, silver by $.07 (4.5%). So if you trust the system not to default in the very near future you can sell physical silver today and use a small portion of the proceeds to buy the benchmark paper contract for a ‘riskless’ 40% annualized return in a ZIRP world.
Bottom line, PMs are manipulated grossly and the physical markets are on fire. Gresham’s Law in play, real money-PMs-is disappearing, while CBs continue to pump…but if people want to play the technicals and add to the already record managed money shorts at these levels, be my guest. I have 2.3 metric tons of gold and will happily await the (Great) Reset.”
Click on the image to read the full story at King World News