Loading ...HUGE premium for GOLD
Rarely seen premium over spot… looks like FOMO and buying into greed… beware…
This might need to cool off a little… but interests really picked up.
Edit: adding 1 hour chart…. INSANE
Edit: adding spot vs future and delta. Question.. why does the next contract have such contango? Is it supply side issues?
Maybe we are just closing the gap at GLD 154. If we don’t go higher next days, I reduce my holdings again.
GDX performance very weak compared with gold up 5%.