WGX westgold resources limited.

Chart thread, page-192

  1. 7,110 Posts.
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    just in SH - did not realise contango for gold futures was at a 20 year high even with spot POG at record high. I had noticed gold futures for a few years ahead were around $2,800+. Lots of traders have a bullish outlook for POG. And 20 years ago was before the big move upwards in POG so that looks like a good omen.


    Genesis Minerals (ASX:GMD)
    CFO Morgan Ball told analysts at the Raleigh Finlayson-led gold producer’s investor day in Sydney that contango for gold futures was sitting at 20-year records despite record high spot prices — which have some near term triggers in potential US rate cuts this year.

    Contango is a situation when the forward curve is priced higher than spot. The opposite is called backwardation.

    Last edited by calmbeforestorm: 25/03/24
 
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$3.01
Change
-0.070(2.27%)
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