GOLDBUGS AMEX Goldbugs Index (GOLD): GOFO Rates. Having dropped out of backwa...

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Sunday, 08/18/2013 2:44:37 PM

Sunday, August 18, 2013 2:44:37 PM

GOFO Rates. Having dropped out of backwardation for a few days, Friday saw the 6 month gold future contract go back into it.

Not only that, but the 1, 2 and 3 month gold futures, still in backwardation, saw their negative margins increase.

Supply side strain is increasing.

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