Futures Markets Signal Gold Ready to Erupt

Read Peter Schiff’s latest Gold Letter, with an insightful commentary from Precious Metals Specialist Dickson Buchanan on gold backwardation, a negative GOFO rate, and what they mean for physical gold investment.

“With gold recouping some losses in its most recent trading sessions, many are asking whether or not the bottom has finally formed for the yellow metal. Most of these gains have been simply chalked up to short-covering and dovish remarks by Bernanke during the recent Federal Open Market Committee meetings; however, there are some key indicators for gold which are overshadowed by the media hubbub. Two of them in particular are important to understand, because they reveal a renewed investment demand for physical gold over paper gold or fiat currencies.”

Read the Full Article Here

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