InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,520.80
(
0.58%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.67
(
-0.04%
)
Bitcoin
65,685.62
(
1.11%
)
Post# of 13238
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

jt6455

Send PM Follow Ignore
Followers 67
Posts 10154
Boards Moderated 0
Alias Born 06/02/2010

jt6455

Re: littlejohn post# 9710

Thursday, 05/26/2016 8:09:17 AM

Thursday, May 26, 2016 8:09:17 AM

Post# of 13238
When the spot price is higher than the futures price it's known as Backwardation. It's also an inversion in gold's pricing mechanism that is bullish toward the yellow metal

The opposite is known as Contango which indicates a bearish sentiment for the metal.

Backwardation is an indication that traders DONT believe gold will be cheaper tomorrow.

Paper vs Phyzz
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
InvestorsHub NewsWire

North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM

VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM

Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM

Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM

ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM

Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM

Start posting your company's news
Only $200 per official company press release!