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.
just in SH - did not realise contango for gold futures was at a...
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
62.0¢ |
Change
0.005(0.81%) |
Mkt cap ! $374.1M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 61.0¢ | $456.1K | 735.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27298 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 7478 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
62.0¢ |
Change
0.005 ( 1.27 %) |
||||
| Open | High | Low | Volume | ||
| 62.5¢ | 62.5¢ | 61.0¢ | 212721 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ALK (ASX) Chart |