Backwardation = technobabble

silverfuturist: Pundits who don't actually understand backwardation will use slick graphics but butcher its analysis in order to make retail investors think they are smart - kind of like how toothpaste and detergent commercials use big technical sounding words to get people to buy their products.

Bron Sucheki from the Perth Mint decodes the technobabble:

http://goldchat.blogspot.com/2013/08/...