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Friday, July 3, 2015 10:20:47 AM America/Toronto

Canadian Bullion Services has launched its spot alert feature on its website.

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0 Comments | Posted in Featured news By Jamie cbmetals

Gold in Backwardation

Monday, August 12, 2013 3:44:32 PM America/Toronto

There has been lots of talk about gold being in backwardation or contango.  What that means is that the spot price of gold is higher than the futures prices of gold.  This is an extremely rare occurrence and is usually a very bullish signal.  In layman’s terms, there is a great demand for physical gold right now….no kidding…considering where the prices are….

Lately, there have been stories about companies not getting their gold…most recently, Grafite Capital ordered gold for themselves, we are now 8 weeks later and they still have not received their gold.

We believe there is a major shortage of gold out in the market.

 

Comments | Posted By Jamie Cohen