Replies to post #9710 on Direxion Daily Gold Miners Be (DUST)

[RainerRocks]

Don't know,could be delayed data ,plus gold futures is price for June which is different from spot gold.

Plus I don't know what you're looking at :)

[jt6455]

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