GOLD 0.51% $1,391.7 gold futures

not that I know of - you can work out the GOFO though from...

  1. 551 Posts.
    not that I know of - you can work out the GOFO though from looking at the spot and futures charts. Daily libor can be found on bloomberg.

    However - if you're interested in these two charts... what you really care about are the gold lease rates - which happen to be the difference between the LIBOR and GOFO. And they are published daily on Kitco. (No - they are not the rate banks charge to loan out gold - it's the rate you'd earn if you invested borrowed gold at LIBOR.)

    We have to be aware that there is a massive flip side to this backwardation issue as well.

    if the backwardation continues and we don't get a comex default (or some kind of global currency crisis) - then the gold price will tank however much it takes to restore the balance. You can see why this would be... you could dump your physical on the spot and buy up at the futures for an IMMEDIATE profit. The bigger the spread - the bigger your profit.

 
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