just in SH - I 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 huge move upwards in POG so hopefully 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 - I did not realise contango for gold futures was at...
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Last
72.0¢ |
Change
0.005(0.70%) |
Mkt cap ! $795.3M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.0¢ | 71.3¢ | $1.282M | 1.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60642 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 2106 | 1 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
71.5¢ |
Change
0.005 ( 0.45 %) |
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| Open | High | Low | Volume | ||
| 72.0¢ | 73.0¢ | 71.5¢ | 315920 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| SPR (ASX) Chart |