GOLD gold futures
Add to My Watchlist 0.51% ! $1,391.7

making the case, page-5

  1. phil_latio
    219 Posts.
    clock Created with Sketch.
    17/06/09
    10:51
    Post #: 5289259
    Sorry but which banks are sitting on all this physical? The bulk is in private or public (RBA type reserves) hands or locked in electronics/jewelry, not banks.

    Gold has been in backwardation since Oct and only just moving into contango this week (logical as function of broad inflation expectations), so they should been long paper futures short physical spot in order to do a commodities arbitrage... which is what Goldman Sachs have been doing..

    I'll bet on GS before JP Morgan any day...
    Value at posting: $0.00
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Rincon Lithium Project to be powered by 40MW energy infrastructure
right-arrow Created with Sketch.
NEWS Trump just dropped a 200% tariff bomb. Here's how to cash in
right-arrow Created with Sketch.
NEWS Copper and Base Metals Targets Confirmed at Minbrie with Drilling Ahead
right-arrow Created with Sketch.
NEWS Activeport Secures Network Transformation Contract with Ishan Technologies
right-arrow Created with Sketch.
VMM Colossus PFS Unlocks World-Class Project Economics and Positions Viridis for Global Leadership
right-arrow Created with Sketch.
NEWS Blue Moon first wedge hole intersects 543g/t gold over 1.2m in laminated quartz vein
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.