Monetary Metals Supply and Demand Report: 16 Mar, 2014

The gold price went up this week, and the silver price went up a bit less. Several analysts said that speculators such as hedge funds were buying futures contracts this week and this is the harbinger of further increases in the price. Read on to see if this is true, and if so what it [...]



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3 replies
  1. Rueffallais says:

    Keith,

    SOrry but difficult to understand what you mean this time, you have a contango on gold which means what exactly (people are preferrng futures than spot) which is not a good sign for the price of gold no ?

    • Keith Weiner says:

      Yes, it means futures are being bought, not a bullish signal for the gold price.

      We have to be careful not to read into this too much and call this bearish just yet…

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