Do any of you chaps follow Keith Weiner (Monetary Metals) who records spreads between spot and futures prices to determine gold relative to its "fundamental" price, i.e. contango/backwardation analysis?
According to his work, as of Thursday last week, gold was undervalued by $350, which is the highest it has been since GFC in 2008. Click on the link above to see his charts, but if that doesn't work search "Gold Fundamentals Monetary Metals".
General discussion, page-3505
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Last
$1.21 |
Change
-0.035(2.81%) |
Mkt cap ! $311.8M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.21 | $9.496M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158372 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 442307 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |