GOFO rate =Gold forward rate..
http://www.lbma.org.uk/pages/index.cfm?page_id=55
For 24 days Gold in the hand has been worth more than
dollars in the hand as the GOFO rate has now hit
24 consecutive days of negative rates....this is
Never meant to happen,in fact since records began in
1989 it has only occurred twice in the past.....
Once in 1999 for 2 days when Brown sold the UK's gold
to bail out GS and once at the start of the 2008 crash for 1 day....
Today the 1,2,3 and 6 month rates are all negative....
Somethings not right in the financial world.....imo.
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