Back on Wednesday morning, I spoke with Sandeep Jaitly of Fekete Research and The Gold Basis Service newsletter. Sandeep is widely recognized as a global authority on basis and backwardation in the metals. You need to listen to this podcast so I am making it public today.
In this 25-minute podcast, we discuss:
- Backwardation in general and how this relates to the current negative GOFO rates.
- The ongoing breakdown in the price relationship between physical and paper metal.
- Since the LBMA no longer publishes SIFO, can we draw any conclusions regarding silver?
We are very fortunate to have Sandeep share his perspective with us. I know you'll enjoy this podcast.