Re: Charts & Comments - Yahoo/INO.com
in response to
by
posted on
Nov 29, 2015 04:52PM
Saskatchewan's SECRET Gold Mining Development.
via Yahoo.com - Gold Futures Chain
The gold futures chain at Yahoo Finance has been updated, though is still quoting November expiry. Lon-dated futures are less stable and will rise in advance of the sport price.
http://finance.yahoo.com/q/fc?s=GCX15.CMX+Futures+Chain
via INO.com - Feb 2016/June 2021 Spread
Some disruption occurred in the Feb. 2016/Jun 2021 spread trade during the down draft. I continue to expect the narrowing of this spread, proceeding towards complete backwardation:
http://quotes.ino.com/charting/index.html?s=NYMEX_GC.G16_M21.E&v=d12&t=l&a=0&w=1
Gold prices have lagged treasury bond prices for some time, indicating a massive supply source, such as ETFs over and above mine supply.
What is really more important would be whether rates continue their decline in Noth America. Rates are in the negative for almost all bond markets in Europe and have edged into the negative once again for Japan.
An unusual rate scenario is brewing as the secondary market for treasury bills has been flooded with short-term paper. Rates have appreciated to the point where the U.S. Policy rate can be said to reflect bond rates in only the most temporary sense, should a rate hike be in order. The irony is that the stock market has not seen new highs, and is vulnerable to a correction.
Gold prices are likely to move oppositely to the market.
-F6