It essentially means the futures price is cheaper now than the spot price.
Why this is significant takes some explaining - I posted some resources on this thread:
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=780307#3517366
Take a look and see if they help. Otherwise feel free to ask more questions.
- Forums
- ASX - By Stock
- GOLD
- up she goes