Gold backwardation is increasing, Arensberg's Got Gold Report says

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Gold backwardation is increasing, Arensberg's Got Gold Report says

posted on Aug 07, 2013 03:18PM

Gold backwardation is increasing, Arensberg's Got Gold Report says

Submitted by cpowell on 10:54AM ET Wednesday, August 7, 2013. Section: Daily Dispatches

1:54p ET Wednesday, August 7, 2013

Dear Friend of GATA and Gold:

Backwardation in gold is increasing, the Got Gold Report's Gene Arensberg finds today. Arensberg writes: "Not only is the spot or cash price (the price for gold sold for immediate delivery) trading above the near active futures contract, but we are now seeing the near months' contracts trading at higher prices to months thereafter in the front part of the futures strip."

Arensberg's commentary is headlined "Comex Gold Backwardation Continues" and it's posted at the Got Gold Report here: