What does backwardation mean? In short, it means drastically higher prices. Look for gold to take out $2000 per ounce within days or weeks. Also Ben Bernanke could very well announce QE3 this week at his mountain summit at Jackson Hole, Wyoming. These anticipations of course will only transpire if the LORD is willing. Tomorrow is promised to no one, therefore let us prepare with wisdom and accordingly.
Here is the link to the informative article. http://www.zerohedge.com/news/perfect-storm-sees-gold-silver-surge-–-chavez-gold-action-leads-backwardation-short-squeeze-and
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