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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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carranza2
ItsAllCyclical
To: Haim R. Branisteanu who wrote (105398)4/3/2014 7:30:38 PM
From: Real Man2 Recommendations  Read Replies (1) of 217561
 
FWIW, one-month GOFO rates dropped sharply to zero (actually, tiny
1-Mo backwardation) in
the last 2 days, the gold market is again very close to
backwardation. A big rally in gold that breaks the carry
trade cartel should be accompanied by strong backwardation,
IMHO, but we shall see. Gofo indicator says gold price should
move higher in the short term.
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