TFMR Podcast #40 - Sandeep Jaitly Discusses Gold Backwardation


To get more precise information on the subject of backwardation, I figured I'd go straight to the expert.

Sandeep Jaitly has been measuring and studying backwardation in gold and silver for years. To me, he is the foremost expert on the subject so I figured that if there was anyone who could explain the broad ramifications of backwardation to you, it would be Sandeep.

In this podcast, Sandeep discusses:

  • Why backwardation in gold and silver is different from other commodities.
  • How backwardation is measured and his procedure for finding the appropriate data.
  • For how long and to what extreme we are currently seeing backwardation, not only in gold but silver, too.
  • And finally, what precious metal backwardation may signify within the more broad concept of The End of The Great Keynesian Experiment.

Something tells me that you'll find this discussion very interesting and thought-provoking. I look forward to reading your feedback and comments.



Just A Regular Guy
Feb 27, 2013 - 11:30am



Silver Spurs
Feb 27, 2013 - 11:31am

Second... maybe

Close enough , wow!

Feb 27, 2013 - 11:36am



Feb 27, 2013 - 11:37am

top 5

high 5 all

The Springbok
Feb 27, 2013 - 11:38am

top ten!


dowloading podcast for lunchtime lisetn

thanks turd

Feb 27, 2013 - 11:42am

great trades by andy last nite...

made a small fortune following andy... and its soooo easy....weeee kinda like stealin....

<TF edit>

Thank you for the unsolicited endorsement. For those curious, here's a link:

Feb 27, 2013 - 11:42am

nice snag

Nice job TF! The archive of podcasts is getting larger and gains valuable depth with each esteemed guest you roll out for us.

Feb 27, 2013 - 11:45am


Sorry to hear about your cool looking friend :-( Hang in there, it'll get easier soon hopefully.

Feb 27, 2013 - 11:45am

PM's are not Everything!

Last Saturday morning one of my cats died. Ink – the big, gray & black-striped tabby who I picked up at the animal shelter back in 1998, liked to sit on my lap whenever I sat in front of the computer. He seemed fine earlier, but after leaving the room for a half-hour I returned to find him just lying on the floor with his eyes & mouth open, not breathing. It must've been sudden, so I do not think that he suffered since he had showed no signs of any illness.

The past few days have been difficult, and as any of you who have lost a pet knows, there is a big empty hole in our hearts now. I decided not to 'sugar-coat' things, and my daughter is better off because of her father's adhering to reality. But she talked about Ink nonstop on Saturday, and asked many questions which I tried my best to answer.

I dug the grave in a spot next to the pond, but waited until late afternoon - just before dark - before burying Ink. I must admit one reason I left him there in his box all day, wrapped inside my daughter's little toddler-blanket, was because I had this hope that he would awaken. But of course that did not happen. All the Silver in the world will not bring my cat back! But that's okay, he had a happy life.

Don't forget to hug your loved ones and let them know how much they mean to you!

While we were working in the garden Sunday morning, dear daughter pointed up at the sky and said that a cloud up there looked just like our dear departed cat.

ACAD hammerman
Feb 27, 2013 - 11:54am


I follow Andy. He didn't make any trades last night. What are you referring to?

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