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Gold backwardation is increasing, Arensberg's Got Gold Report says
1:54p ET Wednesday, August 7, 2013
Dear Friend of GATA and Gold:
Backwardation in gold is increasing, the Got Gold Report's Gene Arensberg finds today. Arensberg writes: "Not only is the spot or cash price (the price for gold sold for immediate delivery) trading above the near active futures contract, but we are now seeing the near months' contracts trading at higher prices to months thereafter in the front part of the futures strip."
Arensberg's commentary is headlined "Comex Gold Backwardation Continues" and it's posted at the Got Gold Report here:
http://www.gotgoldreport.com/2013/08/comex-gold-backwardation-continues-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair plans Westchester County seminar Aug. 20
Mining entrepreneur and gold advocate Jim Sinclair plans a gold investing seminar from 1 to 5 p.m. on Tuesday, August 20, in Tarrytown in Westchester County, New York. For information on attending, please visit his Internet site, JSMineSet.com, here:
http://www.jsmineset.com/2013/07/23/new-york-qa-session-announced/
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