GOLD 0.51% $1,391.7 gold futures

Gold futures market sure is bullish about POG - the GMD CFO in...

  1. 4,889 Posts.
    lightbulb Created with Sketch. 2019
    Gold futures market sure is bullish about POG - the GMD CFO in the last 2 weeks publicly stated that gold is showing the strongest contango in the last 20 years. Second image shows what happen to POG 20 years ago. It went from about $400 to more over $1,800 in seven years ie increased by 350%. Not suggesting it will do that again.

    https://hotcopper.com.au/data/attachments/6067/6067703-d39b29858e6fc6b7a92abdaf45af7882.jpg
    https://hotcopper.com.au/data/attachments/6067/6067710-888d4d70b76cd97e20a19503b0a31fe6.jpg
 
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