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Gold/Mining/Energy : Silver Super Bulls -- Ignore unavailable to you. Want to Upgrade?

To: Silver Super Bull who wrote (323)9/17/2003 8:43:46 AM
From: TheSlowLane  Read Replies (2) | Respond to of 1281
 
I had to look it up, but it didn't help interpret what the implications are. Your thoughts?

backwardation

A market condition in which a futures price is lower in the distant delivery months than in the near delivery months.



To: Silver Super Bull who wrote (323)9/17/2003 9:21:43 AM
From: Louis V. Lambrecht  Respond to of 1281
 
deadbull, the contracts which are not traded today "are" in backwardation
futuresource.com

Also remarkable, about 85% of the contracts open interest are for the Decenber. So, IMHO, the bets are on for a huge swing before end of November (fisrt notice).
Swing up or swing down, I'll leave this to the CoT analysers. <g>

Gold Dec contract also trusts about 80% of the open interest.


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