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A Picture of Gold Availability Update

IMG Auteur
Keith Weiner
Monetary Metals
Published : August 05th, 2013
105 words - Reading time : less than a minute
( 2 votes, 5/5 )
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Category : Market Analysis

The December gold future went into backwardation today, July 31.

Below, we show the dates when previous gold contracts went into backwardation. As you can see, it is creeping farther and farther out.

This is a picture of gold availability to the market drying up.

– Apr first backwardated Feb 15, 30 trading days before April 1
– Jun first backwardated Apr 4, 42 trading days before June 1
– Aug first backwardated May 16, 55 trading days before Aug 1
– Oct first backwardated Jul 8, 61 trading days before Oct 1
– Dec first backwardated Jul 31, 67 trading days before Dec 1
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Keith Weiner is a technology entrepreneur and president of the Gold Standard Institute USA. He was the founder of DiamondWare, a Voice Over Internet Protocol software company, which he sold to Nortel in 2008. He is an Objectivist who has his PhD from the New Austrian School of Economics, with a focus on monetary science. Keith, who currently trades and analyzes precious metals and commodities, advocates a return to a proper gold standard and laissez-faire capitalism. He lives with his wife near Phoenix, Arizona.
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