The Demand for Physical

Posted by Robert Levy - Border Gold Corp.

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There was a nice move in both gold and silver overnight and the rally continued as the metals opened for the week in New York.

One trader explains the bullish move was brought on by backwardation in the futures market (when the spot market trades higher than the nearest futures price). This can be explained by a demand for physical gold or immediate delivery, and thus, as well explains higher wait times for manufactured product.

Click here to view a clip from Bloomberg TV.

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