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Gold: A Surge Into Summer? Stewart Thomson Gold Stocks: Poised To Outperform Everything Stewart Thomson Dovish CPI: A Super Surge For Gold? Stewart Thomson The Anti-Concepts of Money: Conclusion Keith Weiner Gold Stocks: Good Times Are Here Stewart Thomson

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Norcini: Gold is not in backwardation - Bron Suchecki - Perth Mint

I have read Weiner's and Norcini's recent articles. Both good.
The fact remains that some buyers of Gold are willing to pay a higher price at spot NOW, rather than get it at a cheaper price some time in the not too distant future(s)

I might add that long time holders and hoarders of gold are not likely to buy ( i.e swap for) $USD any time soon.
Check $USD Basket Case ( sorry, Chart)

Commented 3919 days ago

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Beginning of the headline :In my last post I was not saying that what we see now on COMEX and with GOFO is not important – remember the mugger in Crocodile Dundee still had a knife – just that his switchblade is small compared to Dundee’s much larger “full” backwardation knife. There is a lot of confusion about the definition of backwardation. Here is a quote from the Dummies series of books: "When a market is experiencing backwardation, the contracts for future months are decreasing in value relative to the current... Read More

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