Gold Forwards and the GLD Drain

By |2013-09-05T12:06:42-04:00September 5th, 2013|Markets|

We have finally seen positive forward rates in the gold markets, though it is too early to make any firm interpretations about the direction of gold prices. We can note that on August 27, forward rates began moving in the positive direction while gold prices hit their most recent high on August 28. It is suggestive of a short-term drop [...]