The Phaserl


Guest Post: Andrew Maguire Discusses GOFO and Gold “Backwardation”

from TF Metals Report:

With LBMA Gold Forward rates remaining negative for an unprecedented sixteenth consecutive day, I asked Andrew Maguire for his opinion on what this means and whether or not it indicates “backwardation” in the global gold market.

Please keep in mind that what you read below is just a snippet of the weekly commentary that Andy provides to all subscribers and members of “Turd’s Army”. This comprehensive, weekly summary is hands-down the most extensive and valuable bit of information I receive all week. If you are not an active trader but nonetheless someone with a keen interest in the global metals markets, I urge you to subscribe. You can do so by clicking here:

To further the understanding of this condition, Andy also appeared on Max Keiser’s program earlier today. Look for that soon on RT or on YouTube tomorrow.


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