Mostly: Classical

[amarksp]

and Merry Christmas to you Frank!

here are a few Gold articles of interest...

Martin M

http://www.victoradair.com/pdf/GM20081212.pdf

"WRT backwardation, note that in the currency world high yielding currencies are always in backwardation against low yielding currencies – and there is the theory of interest rate parity to argue that it should be so. Ergo, when gold interest rates are higher than $ interest rates, gold will be in backwardation"

more reasoned articles on gold backwardation that merit your attention:

http://www.acting-man.com/2008/12/some-thoughts-on-recent-backwardation.html

http://globaleconomicanalysis.blogspot.com/2007/06/why-does-fiat-money-seemingly-work.html

This article is also worthwhile:

http://newsmine.org/dbsrv/cabal-elite/international-banking/gold-scam/BehaviorofGold.pdf