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Now That’s Backwardation! Recall the definition of backwardation: Current price above future delivery price . There are many reasons this can happen with commodities, but the typical explanations are: temporary short-term supply shortage, expected future supply, or expected falling demand. Supposedly this can never happen with gold because " gold is money ".
China Manufacturing PMI Declines at Quickest Pace Since Last August Posted by Michael Shedlock at 10:50 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
Visit site: Scranton Needs 117% Property Tax Hike to Balance Budget; Simple Truth: Scranton is Bankrupt
Lee Munson of Portfolio LLC says " Sell the gold rally ". The question for investors and speculators alike is if gold has at long last marked the end of a wrenching nearly two-year pullback from the 2011 highs over $1,900. Lee Munson of Portfolio LLC says any rally marks a chance to make a graceful exit from their positions
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On Friday, a Michigan Circuit Judge Rosemarie Aquilina ruled Detroit bankruptcy is unconstitutional . On Friday, a circuit court judge in Ingham County ruled that Detroit’s federal bankruptcy filing violated a part of Michigan’s constitution that protects union pensions.
Visit site: From Turkey with love: Another Israeli attack on Syria?
Abe now tells Japanese firms " Stop Sitting on Cash " Okuma, a Japanese machine-tool maker, has seen its stock price rise around 30% this year.
Read the article: European Car Sales Plunge to 20-Year low
