Fastfoward a few thousand years to the present day, there are unworldly things going in the Gold market:
Comex gold future basis blew out to almost 15% implied (annualised rate) early last week, opening up a 10% (annualised) arbitrage (borrow usd cash, use to buy gold spot, short the future, hold into physical delivery).
Fastfoward a few thousand years to the present day, there are unworldly things going in the Gold market:
Comex gold future basis blew out to almost 15% implied (annualised rate) early last week, opening up a 10% (annualised) arbitrage (borrow usd cash, use to buy gold spot, short the future, hold into physical delivery).
Talk of gold being loaded onto planes in London and flown out to Chicago (no aliens reported to be involved...maybe shape-shifting Lizards?)
Fastfoward a few thousand years to the present day, there are unworldly things going in the Gold market:
Comex gold future basis blew out to almost 15% implied (annualised rate) early last week, opening up a 10% (annualised) arbitrage (borrow usd cash, use to buy gold spot, short the future, hold into physical delivery).
Talk of gold being loaded onto planes in London and flown out to Chicago (no aliens reported to be involved...maybe shape-shifting Lizards?)
Indeed