Backwardation, Again!
Posted on August 10th, 2010 by MoverMike
The Street tells us that Silver and Gold are in or close to backwardation:
The gold-silver ratio fell to 65.15 from 65.64. Meanwhile, silver prices for spot delivery on the COMEX closed at $18.47 per ounce, while futures ended at $18.47 per ounce, suggesting that silver prices are in neither backwardation nor contango. Whereas, COMEX gold prices for spot delivery closed at $1205.4 per ounce, while futures ended at $1204.1 per ounce, indicating that gold prices are in backwardation.
Tags: backwardation Gold Silver
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